These Analysts Boost Their Forecasts On AeroVironment Following Upbeat Q1 Results

Benzinga Earnings09-10 22:30

AeroVironment, Inc. (NASDAQ:AVAV) on Wednesday posted better-than-expected first-quarter results.

AeroVironment posted first-quarter revenue of $480.49 million, beating analyst estimates of $456.20 million, according to Benzinga Pro. The drone maker reported adjusted earnings of 59 cents per share for the quarter, beating estimates of 24 cents per share.

“AV’s fiscal year 2027 is off to a strong start, with record first-quarter revenue and funded backlog and landmark strategic wins,” said Wahid Nawabi, AeroVironment chairman, president and chief executive officer. “Our team is united in our mission to execute with discipline and capture demand for the key franchise programs that matter most to our customers, and that is exactly what we did in the first quarter.”

AeroVironment guided for fiscal 2027 revenue of $2.125 billion to $2.225 billion. Analysts are forecasting revenue of $2.195 billion. The company also affirmed expectations for fiscal 2027 adjusted earnings of $3.02 to $3.34 per share versus estimates of $3.23 per share.

AeroVironment shares gained 10.4% to trade at $155.58 on Thursday.

These analysts made changes to their price targets on AeroVironment following earnings announcement.

  • UBS analyst Gavin Parsons maintained the stock with a Neutral and raised the price target from $166 to $170.
  • JP Morgan analyst Seth Seifman maintained the stock with an Overweight rating and raised the price target from $200 to $210.

Considering buying AVAV stock? Here’s what analysts think:

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