Why Shares in AeroVironment Surged Higher This Week
Shares in drone manufacturer (NASDAQ: AVAV) rose a remarkable 38% in the week to Friday morning, according to data provided by S&P Global Market Intelligence. There's little debate over the reason for the move; it came from its third-quarter 2024 earnings report released on Monday.
AeroVironment's fiscal year finishes at the end of April.The company raised revenue guidance on every single earnings call through its financial year -- a testament to the strengthening demand environment for its unmanned systems.
The chart below shows the company's full-year 2024 guidance throughout the last fiscal year.
Source Fool.com
Aerovironment Stock
€154.40
2.150%
With 11 Buy predictions and not the single Sell prediction the community is currently very high on Aerovironment.
However, we have a potential of -0.91% for Aerovironment as the target price of 153 € is below the current price of 154.4 €.
