Canaccord analyst Austin Moeller raised the firm’s price target on AeroVironment (AVAV) to $430 from $305 and keeps a Buy rating on the shares. The firm attended the company’s Investor Open House where management provided updated 2030 expectations of $75B in TAM opportunities across its product catalog. The focal point however was the LOCUST counter-UAS laser weapon demonstration to experience its rapid and precise air defense capabilities in combat.
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