AeroVironment gains after $135 mln US Army drone contract wins, Wall Street upgrade
AeroVironment's AVAV.O shares up 1.8% at $201.35 early Mon after U.S. Army contract wins and Wall Street upgrade
On Fri, AVAV received from the Army two firm-fixed-price contract awards for its P550 long-range reconnaissance drones worth $117.3 mln and for its Red Dragon systems and related equipment worth $17.6 mln
Raymond James raises rating on AVAV to 'market perform' from 'underperform'
BTIG reiterates its 'buy' rating, saying it views these awards as further evidence of broad-based momentum across AVAV's Autonomous Systems (AxS) segment
On Mar 10, AVAV slashed its fiscal 2026 rev target to $1.85-$1.95 bln, from $1.95-$2.0 bln, and posted $151.3 mln goodwill impairment, a charge tied to halt of the U.S. Space Force’s SCAR satellite communications program
Avg rating of 19 brokerages on the stock is "buy"; median PT of $310 down from $390.50 a month ago, per LSEG
AVAV stock now down ~17% YTD, including ~20% drop this month
