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
The stock is one of the favorites of our community with 38 Buy predictions and 1 Sell predictions.
On the other hand, the target price of 297 € is below the current price of 316.6 € for Aerovironment, so the potential is actually -6.19%.
