- AeroVironment secures a significant contract, providing potential growth opportunities.
- Analysts suggest a promising upside for AVAV, with an average target price of $188.02.
- Current brokerage and GF Value estimates indicate a favorable "Buy" recommendation.
AeroVironment (NASDAQ: AVAV), a leader in the development of unmanned aircraft systems, has landed a significant $46.6 million contract with Italy's Ministry of Defence. The five-year deal encompasses the supply of JUMP 20 medium uncrewed aircraft systems, along with engineering and technical assistance. However, the stock saw a decline of 2.79%, closing at $143.49.
Analysts' Insights and Price Projections
Five analysts have provided their one-year price predictions for AeroVironment Inc (AVAV, Financial), projecting an average target price of $188.02. This forecast includes a high estimate of $225.00 and a low of $146.00, suggesting a potential upside of 31.80% from the current price of $142.65. For a more comprehensive analysis, visit the AeroVironment Inc (AVAV) Forecast page.
Brokerage Recommendations
The consensus from six brokerage firms positions AeroVironment Inc (AVAV, Financial) with an average brokerage recommendation of 1.3, which corresponds to a "Buy" rating. The rating system spans from 1 for a Strong Buy to 5 for a Sell, indicating a positive outlook for the stock.
Evaluating GF Value Estimates
According to GuruFocus, the estimated GF Value for AeroVironment Inc (AVAV, Financial) in the coming year is pegged at $175.26. This estimation marks a potential upside of 22.86% from the current price of $142.65. The GF Value reflects GuruFocus' fair value assessment, derived from historical trading multiples and anticipated business performance. Access additional details on the AeroVironment Inc (AVAV) Summary page.
