Why AeroVironment Stock Got Shot Down Today
AeroVironment (NASDAQ: AVAV) stock, the maker of unmanned aerial vehicles for the U.S. military, delivered an impressive "beat and raise" quarter last night, reporting both better earnings than expected and promising more of the same.
Heading into AV's fiscal Q2 2024, analysts had forecast the company would earn only $0.62 per share on sales of $171 million. Instead, AV delivered $0.97 per share in profit, and reported sales of $181 million.
And then its stock crashed 10.8% (through 11:30 a.m. ET).
Source Fool.com
Aerovironment Stock
€167.10
-0.520%
With 13 Buy predictions and not the single Sell prediction the community is currently very high on Aerovironment.
As a result the target price of 193 € shows a slightly positive potential of 15.5% compared to the current price of 167.1 € for Aerovironment.
