Why AeroVironment Stock Sank This Week
Shares of up-and-coming unmanned defense systems provider, AeroVironment (NASDAQ: AVAV), are down 10% this week as of market close on Thursday.
The next-gen defense contractor reported second-quarter earnings on Tuesday that exceeded Wall Street's sales expectations but missed its adjusted net income expectations by a wide margin.
AeroVironment's organic sales grew by 22% during Q2, but increased by 151% when including the company's recent acquisition of defense technology solutions provider BlueHalo.
Source Fool.com
Aerovironment Stock
€251.10
17.610%
With 53 Buy predictions and 1 Sell predictions Aerovironment is one of the favorites of our community.
As a result the target price of 280 € shows a slightly positive potential of 11.51% compared to the current price of 251.1 € for Aerovironment.
