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Canaccord Genuity Remains a Buy on AeroVironment (AVAV)

Tipranks - Tipranks - Fri Mar 20, 5:58AM CDT

In a report released today, Austin Moeller from Canaccord Genuity maintained a Buy rating on AeroVironment, with a price target of $300.00.

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Moeller covers the Industrials sector, focusing on stocks such as AeroVironment, Joby Aviation, and BlackSky Technology. According to TipRanks, Moeller has an average return of 10.5% and a 43.62% success rate on recommended stocks.

In addition to Canaccord Genuity, AeroVironment also received a Buy from Goldman Sachs’s Noah Poponak in a report issued on March 15. However, on March 17, TipRanks – OpenAI reiterated a Hold rating on AeroVironment (NASDAQ: AVAV).

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Based on AeroVironment’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $408.05 million and a GAAP net loss of $156.55 million. In comparison, last year the company earned a revenue of $167.64 million and had a GAAP net loss of $1.75 million

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