Reported 2 days ago
Raymond James has increased its price target for AeroVironment, Inc. (AVAV) to $348 from $300 while maintaining a Strong Buy rating, following a positive investor day presentation. The firm expects the company to outline plans to double its revenue by 2030. Jefferies also raised its target for AVAV to $365, highlighting the company's potential to benefit from increased defense spending. AVAV has seen a substantial stock surge of 125% year-to-date.
Source: YAHOO