AeroVironment Inc. (NASDAQ: AVAV) is one of the most innovative and unique investment opportunities available on the public market today. The company is primarily military-focused but also offers a range of products for commercial use. It specializes in weapons systems and unmanned aerial vehicles. Some of its most recent innovations include unmanned cargo helicopters that could be used for drone deliveries for civilian, commercial, and military operators.
The company’s strong military ties keep revenue relatively stable, while its diversification with technologies that could be used commercially gives it more potential for the future. The stock has rallied in the year so far and could still climb higher, with an average analyst target of $125.00 suggesting a moderate upside.
The company will report earnings later this month on Tuesday 9, so investors who want to learn more about recent performance and projections could consider waiting until then. Sales increased by 16.87% in the 2020 fiscal year, contributing to a gross margin of 42%, reflecting how stable the business is, even during the ongoing global pandemic and its economic fallout. This is easily one of the best stocks to watch in 2021, whether buying today or waiting for the quarterly results next week.
- 1 Year Price Growth: 91%
- YTD Price Growth: 52%
- 3 Month Price Growth: 52%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.