Goldman Asserts Buy Rating on AeroVironment, Inc. (AVAV) Impressed by Underlying Growth

Group 1 - AeroVironment, Inc. (NASDAQ:AVAV) is recognized as a top aerospace and defense stock by Wall Street analysts, with Goldman Sachs reiterating a Buy rating and setting a price target of $429 [1][2] - The company reported a significant 151% year-over-year revenue increase, reaching $472.5 million, driven by product sales of $173.8 million and service revenue of $110.2 million [2] - Gross margin improved to $104.1 million from $73.6 million in the same quarter last year, indicating strong financial performance [2] Group 2 - Goldman Sachs highlights AeroVironment's potential for long-term growth, particularly through government procurement priorities and programs like P550, Switchblade, and BADGER [3] - Jefferies analyst Greg Konrad also maintains a Buy rating with a price target of $390, citing a 21% organic revenue increase and a projected 15% compound annual growth rate over the medium term [4] - AeroVironment specializes in unmanned aerial systems, unmanned ground vehicles, and missile systems, with primary customers being the U.S. military and government agencies [5]