Why AeroVironment Stock Popped Today
AeroVironment (NASDAQ: AVAV) stock soared 16% through 10:25 a.m. ET Thursday after The Wall Street Journal reported the Trump Administration may make financial investments in U.S. drone manufacturers.
The proposed subsidies would promote development of low-cost disposable attack drones commonly referred to as first-person view or "FPV," a drone type AeroVironment pioneered with its Switchblade loitering munition more than a decade ago.
And yet, at reported prices approaching $100,000, AV's drones are a lot more expensive than the drones the Pentagon is looking for.
Source Fool.com
Aerovironment Stock
€146.90
-0.740%
With 57 Buy predictions and 1 Sell predictions Aerovironment is one of the favorites of our community.
As a result the target price of 256 € shows a very positive potential of 74.27% compared to the current price of 146.9 € for Aerovironment.
