Why AeroVironment Stock Is Skyrocketing This Week
Shares of innovative defense contractor AeroVironment (NASDAQ: AVAV) soared 20% higher this week as of market close on Thursday, according to data provided by S&P Global Market Intelligence.
Not only did AeroVironment receive five price target raises from analysts, but it landed a new $499 million contract with the U.S. Air Force Research Laboratory (AFRL).
The combination of these events -- and perhaps some optimism from the company's investor open house on Tuesday -- pushed shares to new all-time highs.
Source Fool.com
Aerovironment Stock
€292.00
-8.840%
The stock is one of the favorites of our community with 38 Buy predictions and 1 Sell predictions.
With a target price of 298 € there is a slightly positive potential of 2.05% for Aerovironment compared to the current price of 292.0 €.
