Oppenheimer initiates coverage of AeroVironment with Outperform rating and $205 price target
Oppenheimer began coverage of AeroVironment Inc. (AVAV) on 22 Oct 2026, assigning an Outperform rating and a $205 price target. The firm highlighted growth in counter‑UAS solutions and projected revenue of $2.20 billion for fiscal 2027 and $2.58 billion for fiscal 2028. It also forecast counter‑UAS revenue of $950 million by fiscal 2030 and a funded backlog of $1.46 billion. The analyst noted the company’s first‑quarter fiscal 2027 revenue of $480.5 million, a 6% year‑over‑year increase.
Why it matters
The initiation and target suggest significant upside, which may prompt investors to buy the stock. Oppenheimer’s revenue and backlog forecasts indicate strong growth potential for AVAV’s counter‑UAS business.
Key facts
- 1Oppenheimer assigned an Outperform rating and a price target of $205.00. investing.com
- 2AeroVironment reported first‑quarter fiscal 2027 revenue of $480.5 million, up 6% YoY. investing.com
- 3Oppenheimer forecasts counter‑UAS revenue to reach $950 million by fiscal 2030. investing.com
- 4The analyst projects a funded backlog of $1.46 billion. investing.com
- 5Revenue is projected at $2.20 billion for fiscal 2027 and $2.58 billion for fiscal 2028. investing.com
- 6Projected earnings per share are $3.30 for fiscal 2027 and $4.25 for fiscal 2028. investing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.