Shares of AeroVironment (NASDAQ: AVAV), the maker of drones for military and commercial use, were moving higher last month on a positive analyst response to its investor open house at the end of September and after the company signed a major contract with the U.S. Air Force.

A round of applause from Wall Street followed the open house and the Air Force announcement, with several analysts raising their price targets on the drone stock.

The company also launched a new electric vertical takeoff and landing (eVTOL) platform, but fell after comments from Treasury Secretary Scott Bessent about defense companies investing more in their businesses and accelerating deliveries.

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Source Fool.com