12 Best Aerospace and Defense Stocks to Buy According to Analysts

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6. AeroVironment, Inc. (NASDAQ:AVAV)

Number of Hedge Fund Holders: 24

Analyst Upside Potential: 46.03%

AeroVironment, Inc. (NASDAQ:AVAV) is a leading American defense contractor that specializes in designing, developing, producing, and supporting advanced robotic systems. These systems include Unmanned Aircraft Systems, Loitering Munition Systems, Unmanned Ground Vehicles, and more. The company serves the US Department of Defense and international allied governments and also offers solutions to commercial customers.

On March 25, Greg Konrad, an analyst from Jefferies, maintained a Buy rating on the stock with a price target of $190. Konrad highlighted that AeroVironment, Inc. (NASDAQ:AVAV) is projected to achieve significant revenue growth and is aiming for nearly $1 billion by FY26. This target looks achievable with the BlueHalo acquisition. The company’s growth is expected to be driven by its Loitering Munitions Systems and Medium Unmanned Aerial Systems, which have a broad opportunity pipeline. The analyst noted that AeroVironment, Inc. (NASDAQ:AVAV) has successfully navigated recent market challenges, including a strategic pivot away from Ukraine. It is one of the best aerospace and defense stocks to buy according to analysts.

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