In a report released today, Greg Konrad from Jefferies maintained a Buy rating on AeroVironment (AVAV – Research Report), with a price target of $190.00.
Greg Konrad has given his Buy rating due to a combination of factors that include AeroVironment’s robust future outlook and strategic transitions. Despite recent operational challenges and a decline in stock price, the company has shown a strong funded backlog and a positive revenue trajectory into FY26, supported by a growing pipeline and near-term orders.
Additionally, AeroVironment has successfully managed risks associated with the Ukraine conflict by transitioning its revenue streams, which has reduced dependency on Ukraine-related sales and demonstrated a capacity for global market expansion. The company’s EBITDA margins are expected to improve with product evolution and operational efficiency, while the current valuation provides a favorable entry point for investors, especially with the anticipated close of the BlueHalo merger and continued growth prospects.
In another report released today, Robert W. Baird also maintained a Buy rating on the stock with a $146.00 price target.