Why AeroVironment Stock Fell Today
Shares of AeroVironment (NASDAQ: AVAV) declined more than 12% on Wednesday after the unmanned aerial vehicle manufacturer's earnings fell short of investors' expectations.
Image source: Getty Images.
AeroVironment's revenue soared 151% year over year to $472.5 million in its fiscal second quarter ended Nov. 1. The gains were fueled by the defense contractor's acquisition of BlueHalo, a provider of space technology and autonomous systems, in May.
Source Fool.com
Aerovironment Stock
€239.30
12.080%
With 53 Buy predictions and 1 Sell predictions Aerovironment is one of the favorites of our community.
As a result the target price of 280 € shows a slightly positive potential of 17.01% compared to the current price of 239.3 € for Aerovironment.
