Jefferies lowered the firm’s price target on AeroVironment (AVAV) to $190 from $230 and keeps a Buy rating on the shares. AeroVironment investor sentiment continues to be negative, as headline risk and an operational hiccup in Q3 overshadowed bullish commentary into Q4 and FY26, the analyst tells investors in a research note. The firm added that the commentary is backed by funded backlog and a Q4 revenue exit rate of about $240M that sets the stage for nearly $1B of revenue in FY26.
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