AeroVironment (AVAV) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AeroVironment in the last twelve months. There are currently 1 hold rating, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AVAV shares.
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7 brokerages have issued 12-month target prices for AeroVironment's stock. Their AVAV share price forecasts range from $115.00 to $130.00. On average, they predict the company's share price to reach $120.50 in the next year. This suggests a possible upside of 6.6% from the stock's current price.
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AeroVironment's stock was trading at $85.66 on January 1st, 2023. Since then, AVAV shares have increased by 32.0% and is now trading at $113.05.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 5th 2023.
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AeroVironment, Inc. (NASDAQ:AVAV) posted its quarterly earnings data on Tuesday, September, 5th. The aerospace company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.74. The aerospace company earned $152.35 million during the quarter, compared to the consensus estimate of $128.50 million. AeroVironment had a negative net margin of 24.97% and a positive trailing twelve-month return on equity of 10.16%. The company's quarterly revenue was up 40.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.10) EPS.

ETFs with the largest weight of AeroVironment (NASDAQ:AVAV) stock in their portfolio include ARK Space Exploration & Innovation ETF (ARKX), AdvisorShares Drone Technology ETF (UAV), ARK Autonomous Technology & Robotics ETF (ARKQ), SPDR S&P Aerospace & Defense ETF (XAR), First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT), SPDR Kensho Future Security ETF (FITE), Invesco S&P SmallCap Industrials ETF (PSCI) and Blue Horizon BNE ETF (BNE).

AeroVironment updated its FY 2024 earnings guidance on Tuesday, September, 5th. The company provided earnings per share guidance of $2.30-$2.60 for the period, compared to the consensus EPS estimate of $2.60. The company issued revenue guidance of $645.00 million-$675.00 million, compared to the consensus revenue estimate of $655.88 million.

81 employees have rated AeroVironment Chief Executive Officer Wahid Nawabi on Glassdoor.com. Wahid Nawabi has an approval rating of 82% among the company's employees. 76.0% of employees surveyed would recommend working at AeroVironment to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other AeroVironment investors own include NVIDIA (NVDA), Intel (INTC), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Micron Technology (MU), Tesla (TSLA), Alibaba Group (BABA), PayPal (PYPL), Broadcom (AVGO) and Netflix (NFLX).

AeroVironment trades on the NASDAQ under the ticker symbol "AVAV."

AeroVironment's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (17.04%), State Street Corp (5.39%), Stephens Investment Management Group LLC (3.23%), Baillie Gifford & Co. (3.01%), Heard Capital LLC (2.62%) and Dimensional Fund Advisors LP (2.39%). Insiders that own company stock include Alison Marie Roelke, Brian Charles Shackley, Charles R Holland, Charles Thomas Burbage, Mark Zuckerberg, Melissa Ann Brown, Stephen F Page, Timothy E Conver, Timothy E Conver and Wahid Nawabi.
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Shares of AVAV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AVAV stock can currently be purchased for approximately $113.05.

AeroVironment (NASDAQ:AVAV) has a market capitalization of $2.97 billion and generates $540.54 million in revenue each year. The aerospace company earns $-176,210,000.00 in net income (profit) each year or ($5.77) on an earnings per share basis.

The company employs 1,279 workers across the globe.

AeroVironment's mailing address is 900 INNOVATORS WAY, SIMI VALLEY CA, 93065. The official website for the company is www.avinc.com. The aerospace company can be reached via phone at (805) 520-8350, via email at ir@avinc.com, or via fax at 626-359-9628.