Wall Street Zen Upgrades AIRO Group (NASDAQ:AIRO) to Hold

Key Points

• AIRO Group was upgraded from a "sell" to a "hold" rating by Wall Street Zen, reflecting a change in analyst sentiment regarding the stock's performance.
• Other analysts, including Cantor Fitzgerald and Mizuho, have set price targets of $35.00 and $31.00 respectively, indicating positive expectations for AIRO Group's stock value.
• Shares of AIRO Group opened at $22.11 and have seen a 52-week range between $12.90 and $39.07, highlighting the stock's volatility over the past year.

AIRO Group (NASDAQ:AIRO - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

AIRO has been the topic of a number of other reports. Mizuho assumed coverage on AIRO Group in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $31.00 price objective on the stock. Cantor Fitzgerald set a $35.00 price objective on AIRO Group and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Finally, BTIG Research assumed coverage on AIRO Group in a research note on Tuesday, July 8th. They issued a "buy" rating and a $26.00 price objective on the stock. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $30.67.

AIRO Group Price Performance

NASDAQ AIRO traded down $0.88 during trading on Friday, hitting $22.04. 664,974 shares of the company traded hands, compared to its average volume of 698,681. AIRO Group has a 12 month low of $12.90 and a 12 month high of $39.07. The business's fifty day simple moving average is $22.96.

AIRO Group (NASDAQ:AIRO - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported $0.30 earnings per share for the quarter.

Hedge Funds Weigh In On AIRO Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in AIRO. Geode Capital Management LLC bought a new position in AIRO Group during the second quarter valued at about $355,000. Creative Planning bought a new position in AIRO Group during the second quarter valued at about $217,000. Telligent Fund LP bought a new position in AIRO Group during the second quarter valued at about $963,000. Manchester Capital Management LLC bought a new position in AIRO Group during the second quarter valued at about $86,000. Finally, Norges Bank bought a new position in AIRO Group during the second quarter valued at about $481,000.

AIRO Group Company Profile

We are a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense opportunities. We leverage decades of industry expertise and connections across the drone, aviation, and avionics markets to provide leading solutions to the aerospace and defense market.