Goldman Asserts Buy Rating on AeroVironment, Inc. (AVAV) Impressed by Underlying Growth

AeroVironment, Inc. (NASDAQ:AVAV) is one of the champion aerospace and defence stocks to bargain according to Wall Street analysts. On December 11, analysts astatine Goldman Sachs reiterated a Buy standing connected ​AeroVironment, Inc. (NASDAQ:AVAV) and acceptable a $429 terms target. The concern slope remains assured astir the company’s outlook pursuing an awesome 2nd 4th of fiscal 2026.

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The institution delivered a 151% year-over-year summation successful gross to $472.5 million, compared with $188.5 cardinal successful the aforesaid 4th past year. The summation was driven by higher merchandise income of $173.8 cardinal and higher work gross of $110.2 million. Gross borderline successful the 4th improved to $104.1 cardinal from $73.6 cardinal successful the aforesaid play past year.

According to Goldman Sachs, AeroVironment is connected the cusp of robust semipermanent opportunities arsenic it continues to conscionable caller authorities procurement priorities. The concern slope expects the P550, Switchblade, and BADGER programs to thrust sustainable gross growth.

On December 11, Jefferies expert Greg Konrad shared akin sentiments, reiterating that AeroVironment is simply a Buy with a $390 terms target. The beardown Buy is successful effect to beardown gross maturation and important bookings, arsenic it has demonstrated a 21% integrated gross increase. Likewise, the institution is expected to prolong a 15% compound yearly maturation complaint implicit the mean term, driven by its extended pipeline and beardown planetary demand.

​AeroVironment, Inc. (NASDAQ:AVAV) is simply a salient defence exertion institution that designs, develops, and manufactures unmanned aerial systems (UAS), unmanned crushed vehicles, tiny rocket systems, and, much recently, has expanded into different autonomous systems and counter-UAS systems done the acquisition of BlueHalo. Its superior customers are the U.S. subject and different authorities agencies.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.