Why AeroVironment Stock Is Skyrocketing This Week
Shares of up-and-coming defense contractor (NASDAQ: AVAV) are up 17% this week as of 11 a.m. ET on Friday, according to data provided by S&P Global Market Intelligence.
Most famous for its drones or unmanned aircraft systems (UAS), AeroVironment is quickly building out a full suite of defense offerings following its $4.1 billion acquisition of Blue Halo last November.
This week, the company's shares are launching higher following an announcement from the U.S. State Department that the Trump administration plans to ease export restrictions for UAS makers such as AeroVironment.
Source Fool.com
Aerovironment Stock
€313.70
5.780%
The stock is an absolute favorite of our community with 47 Buy predictions and no Sell predictions.
With a target price of 321 € there is a slightly positive potential of 2.33% for Aerovironment compared to the current price of 313.7 €.
