Analysts cut AeroVironment targets, maintain positive ratings
Piper Sandler, Canaccord Genuity, and Citizens lowered price targets for AeroVironment, maintaining positive ratings.
*this image is generated using AI for illustrative purposes only.
Analysts from Piper Sandler, Canaccord Genuity, and Citizens have adjusted their price targets for AeroVironment (NASDAQ: AVAV), reflecting revised valuation benchmarks for the defense technology firm. Piper Sandler analyst Clarke Jeffries maintained an Overweight rating while reducing the target from $248 to $235. Canaccord Genuity analyst Austin Moeller kept a Buy rating but lowered the price objective from $280 to $240. Citizens analyst Trevor Walsh maintained a Market Outperform rating but cut the price target from $350 to $230. All three firms retain a positive outlook on the company's market position despite the reductions.
AeroVironment designs, develops, produces, and supports a portfolio of unmanned aircraft systems and tactical missile systems. The company operates primarily in the defense and security sectors.
| Firm | Rating | Previous Target | New Target |
|---|---|---|---|
| Piper Sandler | Overweight | $248 | $235 |
| Canaccord Genuity | Buy | $280 | $240 |
| Citizens | Market Outperform | $350 | $230 |
What specific valuation benchmarks or market conditions drove the significant downward revisions in price targets?
How might the current defense spending environment impact AeroVironment's revenue growth in the next fiscal year?
Could the divergence in price targets among analysts indicate differing views on the company's competitive positioning?
18
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
