Overview

• Raymond James raised its price target to $348 and kept a Strong Buy on September 29, citing the investor day focused on the “new AV” and forecasting that management would outline a path to double revenue by 2030.
• Jefferies lifted its target to $365 on October 1 and maintained a Buy after the investor open house, saying the company is positioned to benefit from a long-awaited upswing in defense spending.
• AeroVironment reported a 140% year-over-year revenue jump to $454.7 million alongside a larger funded backlog and strong contract wins, according to recent coverage.
• The BlueHalo acquisition broadened the business into lasers, AI and other advanced systems, though near-term headwinds include elevated integration costs and slipping margins.
• Shares are up 125% year to date as of October 1, leaving valuation stretched and short-term downside risk a key concern for investors.