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ARLINGTON, Va.--(BUSINESS WIRE)---- $AVAV #DARPA--AeroVironment to Develop its Wildcat Autonomous VTOL UAS for DARPA's ANCILLARY Program.
In the latest trading session, AeroVironment (AVAV) closed at $199.77, marking a +1.3% move from the previous day.
Growth stocks are some of the best bets you can make in the market due to the momentum in their business. Growth showcases strong demand and execution, and the market will happily slap a higher and higher premium for this growth as long as it is there.
AeroVironment is a high-conviction investment due to rising global tensions and the increasing use of drones in warfare. The Company builds advanced drones and has experienced massive revenue growth, particularly in its Loitering Munition segment. Despite its recent rally, AVAV still has upside potential and is a compelling investment opportunity in the small-cap space.
ARLINGTON, Va.--(BUSINESS WIRE)--AeroVironment, Inc. (NASDAQ: AVAV) will be participating in the upcoming Bank of America Transportation, Airlines and Industrials Conference in New York City, May 15-16. AeroVironment's senior vice president and chief financial officer, Kevin McDonnell, will present at the event on May 16 at 9:30 a.m. ET/6:30 a.m. PT. The presentation will be available in the Events and Presentations section of the AeroVironment website at https://investor.avinc.com/events-and-p.
American drones have had a hard time functioning over the battlefields of Ukraine. Electronic warfare tactics can prevent communication with controllers and cause drones to crash.
AeroVironment's (AVAV) recent collaboration with Parry Labs will help provide market-leading UAS solutions to its customers.
AeroVironment shares hit a new all-time high in March after the company easily beat quarterly expectations. The drone maker's products are in demand, and there is still room for the industry to expand.
Even with the wider market rebound, Cathie Wood hasn't quite recaptured her initial investment allure. Her flagship fund, the ARK Innovation ETF (NYSEARCA: ARKK ), remains a full two-thirds below its 2021 highs.
An analyst downgraded his recommendation on the high-flying drone maker. He now feels it's only a neutral, having earlier tagged it with the equivalent of a buy.