
AeroVironment (AVAV) Stock Forecast & Price Target
AeroVironment (AVAV) Analyst Ratings
Bulls say
AeroVironment is viewed favorably because its F1Q27 results showed broad-based outperformance, with a record funded backlog of $1.5B, up 37% y/y, and bookings of $683M driving a 1.4x book-to-bill. The thesis is strengthened by rapid momentum in LOCUST, including a $464.8M U.S. Army OTA and a $50M international order, which support a transition in SCDE toward production-scale profitability and may help offset SCAR-related losses. In Autonomous Systems, revenue rose 71% y/y to $120M, while 30% adjusted gross margin and 40% product gross margin indicate improving mix, supporting durable growth across defense priorities and long-term margin expansion.
Bears say
AeroVironment is exposed to a heavy dependence on U.S. government contracts, making results vulnerable to budget shifts, delayed appropriations, or program cancellations, while the UAS market’s long-term size remains unproven and not widely validated. Competitive pressure is also intensifying, as rivals are taking share in small UAS and the company already lost the $1B FTUAS program for failing modular open system architecture requirements. Although Q1 revenue rose 6% to $480.5M and backlog reached $1.5B, SCDE revenue fell 21%, CMS sales declined 16%, free cash flow was negative about $36M, and BlueHalo integration could be costly and margin-dilutive.
This aggregate rating is based on analysts' research of AeroVironment and is not a guaranteed prediction by Public.com or investment advice.
AeroVironment (AVAV) Analyst Forecast & Price Prediction
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