
Shares of drone maker AeroVironment AVAV.O surge 12% to $264
Jefferies raises price target to $275 from $190, its highest PT on the co since initiation of coverage
The new PT is an upside of 17% from its last close, rating unchanged at 'buy'
Co's shares rose as much as 29.3% to record intraday high on Wednesday, the biggest daily pct gain since March 5, 2024
Brokerage says co delivered a standout Q4, with its FY26 guidance on track and clear room for upside
Further adds co's strong order backlog now covers 70% of the year, with additional growth potential in space, counter-drone, and uncrewed systems segment
Seven of eight brokerages rate the stock "buy" or higher, one "hold"; their median PT is $225 - data compiled by LSEG
Including session moves, shares are up 73.2% YTD