Why AeroVironment Stock Popped Today
AeroVironment (NASDAQ: AVAV) stock soared 16% through 10:25 a.m. ET Thursday after The Wall Street Journal reported the Trump Administration may make financial investments in U.S. drone manufacturers.
The proposed subsidies would promote development of low-cost disposable attack drones commonly referred to as first-person view or "FPV," a drone type AeroVironment pioneered with its Switchblade loitering munition more than a decade ago.
And yet, at reported prices approaching $100,000, AV's drones are a lot more expensive than the drones the Pentagon is looking for.
Source Fool.com
Aerovironment Stock
€175.95
6.660%
The stock is one of the favorites of our community with 59 Buy predictions and 1 Sell predictions.
With a target price of 270 € there is a hugely positive potential of 53.45% for Aerovironment compared to the current price of 175.95 €.
