AeroVironment (AVAV) stock has shown positive momentum, gaining 2% in the past four weeks. Wall Street analysts are bullish, with an average price target of $225.17, representing a potential 25.5% upside. This optimism is fueled by strong agreement among analysts regarding the company’s earnings prospects. While price targets should be viewed with skepticism, the upward trend in earnings estimate revisions, coupled with AVAV’s strong Zacks Rank, suggests a potential for continued growth.
AeroVironment (AVAV) stock closed slightly higher in recent trading, outperforming the S&P 500. The company is set to report earnings on September 4th, and analysts expect a year-over-year decline in earnings but growth in revenue. Investors should also consider the company’s valuation and its Zacks Rank, which currently indicates a ‘Buy’ rating.
AeroVironment (AVAV) closed slightly lower than the previous day, but has performed well in the past month. Upcoming earnings are anticipated to show a decline in EPS but revenue growth. The stock holds a Zacks Rank #3 (Hold) with a premium valuation compared to its industry.
