BTIG analyst Andre Madrid lowered the firm’s price target on Airo Group (AIRO) to $19 from $26 and keeps a Buy rating on the shares after its Q3 results. Last-minute customer demands resulted in expanded work scope, delaying deliveries and shifting about $20M in Drones sales out of Q3, and the firm is lowering its 2025 sales outlook to $101M from $111M to reflect any potential further delays, 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 AIRO:
- Airo Group price target lowered to $20 from $35 at Cantor Fitzgerald
- Airo Group price target lowered to $25 from $31 at Mizuho
- AIRO Group Reports Q3 2025 Results and Strategic Progress
- Midday Fly By: Walmart names new CEO, Merck acquires Cidara
- Morning Movers: Cidara skyrockets following Merck buyout offer