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AeroVironment Stock Surges on Analyst Optimism and ETF Inclusion
AeroVironment Stock Surges on Analyst Optimism and ETF Inclusion
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BTCCSquare news:
AeroVironment (AVAV) shares climbed 4.6% in early trading after Raymond James analyst Brian Gesuale raised his price target to $348, citing anticipation for the company's upcoming investor day. The event is expected to reveal new strategic initiatives and potentially revised guidance, with RJ forecasting a revenue doubling by 2030.
Further buoying the stock, Defiance ETFs launched the JEDI fund, allocating 6.1% of its portfolio to AeroVironment. Market analysts project fiscal 2025 sales to reach $820 million, scaling to $3.5 billion by 2030—though profitability remains a concern with a trailing P/E ratio of 200.
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