AeroVironment, Inc. (NASDAQ:AVAV) is among the Top 8 Defense Stocks According to ChatGPT Advice. On October 23, BofA raised its price target on the stock to $450 from $300, while maintaining a Buy rating on its shares.
The adjustment came after the company met with management and customers at the 2025 AUSA conference, where the company introduced the Switchblade 400, a new loitering ammunition that is attracting interest from customers around the world. It was displayed alongside new variants of existing drones, including the Switchblade 300 Block 20 and Switchblade 600 Block 2.
Separately, a report from defense magazine Janes on October 13 said that AeroVironment, Inc. (NASDAQ:AVAV) introduced the new munition in response to a request for proposal (RFP) from the US Army for an unmanned anti-tank weapon for its Low Altitude Stalking and Attack Ordnance (LASSO) program.
According to TheFly, BofA also recently visited the company’s space, cyber and directed energy facilities. The company confirmed an earlier positive assessment of the BlueHalo acquisition and stated that the price target increase was based on higher growth and a stronger multiple.
Earlier in the month, on October 7, Canaccord Genuity also raised its price target on AeroVironment, Inc. (NASDAQ:AVAV) to $430 from $305 and maintained a Buy rating on its stock. The revision came after the company attended the company’s investor open house, where management estimated $75 billion in total addressable market (TAM) by fiscal 2030 across its entire product portfolio.
Overall, Wall Street analysts have a consensus Buy rating on the stock and an average one-year price target of $409, representing 7% upside potential from the Oct. 29 close.
AeroVironment, Inc. (NASDAQ:AVAV) designs and manufactures unmanned aerial vehicles, ground robot systems, and loitering munition systems.
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