Why AeroVironment Stock Just Popped
Military drone manufacturer AeroVironment (NASDAQ: AVAV) shares gained 3.8% through 11 a.m. ET Tuesday, after the company announced a new artificial intelligence (AI) autonomy kit available for use on its unmanned aerial vehicles.
You read that right: AeroVironment is now an artificial intelligence stock.
Designed to "increase effectiveness of autonomous systems and reduce operator burdens," AeroVironment's new Autonomy Retrofit Kit (ARK) running AVACORE software is offered to upgrade existing Group 1+ (i.e., small) UAVs such as Puma. The company says its upgrade will permit drones to operate on full autonomous mode, without guidance from their ground controllers, utilizing onboard vision software to find, track, and classify targets.
Source Fool.com
Aerovironment Stock
Aerovironment is currently one of the favorites of our community with 13 Buy predictions and no Sell predictions.
With a target price of 197 € there is a slightly positive potential of 4.21% for Aerovironment compared to the current price of 189.05 €.
