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Stifel Maintains Buy Rating on AeroVironment (AVAV) Following Strong Q1 Sales Growth
Yahoo Financeยท 2025-09-21 08:11
Group 1 - AeroVironment, Inc. (NASDAQ:AVAV) is recognized as one of the best fast growth stocks to buy, with Stifel maintaining a Buy rating and a price target of $295 following the company's first-quarter results that showed better-than-expected sales growth [1][2] - The company reported a 16% organic sales growth in the quarter, surpassing market expectations, and reiterated its fiscal year projections for both sales and EBITDA [2] - AeroVironment is currently pursuing over 20 separate programs with potential worth exceeding $20 billion over the next five years, indicating strong future growth prospects [3] Group 2 - Stifel does not view AeroVironment's ongoing delay in converting its $3.1 billion unpaid backlog into funded contracts as a significant concern, suggesting confidence in future funding aligned with government priorities [2][3]