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BTIG Hikes AeroVironment Price Target, Sees Strong Demand Justifying Recent Surge

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BTIG raised its price target on AeroVironment (NASDAQ:AVAV) to $300 from $225 while maintaining a Buy rating, arguing that the drone and defense tech specialist’s valuation remains attractive despite its recent rally.

Shares of AeroVironment have jumped 43% week-to-date, but BTIG believes the stock is still compelling given robust demand in the current defense spending environment. The analyst highlighted that, based on estimated enterprise value, AeroVironment trades at roughly 8x 2025 pro forma sales—well below multiples seen among private defense tech peers, which often command double-digit sales multiples.

BTIG contends that AeroVironment’s growth potential, driven by rising global demand for unmanned systems and cutting-edge defense technologies, supports further upside, and the stock’s valuation is still reasonable relative to its long-term opportunities.

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