35 Trending AI Stocks on Latest News and Analyst Ratings

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28. AeroVironment, Inc. (NASDAQ:AVAV)

Number of Hedge Fund Holders: 24     

AeroVironment, Inc. (NASDAQ:AVAV) designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. The firm focuses on integrating artificial intelligence into its unmanned aircraft systems (UAS) and robotic solutions. It uses AI to enhance the autonomy, decision-making capabilities, and data processing of its drones, which are used in defense, surveillance, and precision agriculture. Jefferies analyst Greg Konrad has a Buy rating on the stock with a price target of $230. In a recent investor note, Konrad noted that a 8-K disclosure by the firm that the US Army has lifted the stop work order on a $990 million contract pointed to the importance of loitering munitions and the immediacy of demand.

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