Goldman Sachs lowered the firm’s price target on AeroVironment (AVAV) to $429 from $486 and keeps a Buy rating on the shares. Goldman sees the sell off in the stock as a buying opportunity, as the concerns in the quarter are short-term in nature and the long-term growth opportunities continue to be significant, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AVAV:
- AeroVironment’s Strong Revenue Growth and Robust Bookings Justify Buy Rating
- AeroVironment price target lowered to $390 from $415 at Jefferies
- AeroVironment’s Earnings Call Highlights Growth Amid Challenges
- AeroVironment falls -10.1%
- Midday Fly By: SK Hynix weighs U.S. listing, GE Vernova doubles dividend