Keybanc Reiterates Buy Rating on AeroVironment, Inc.

Keybanc has maintained its buy rating for AeroVironment, Inc., setting a price target of $220, a 58.27% upside from the current price.

Editorial illustration for AeroVironment, Inc. (AVAV)

Key Points

  • Keybanc reiterated its buy rating on AeroVironment, Inc. (AVAV) with a $220 price target on June 26, 2026.
  • Keybanc's $220 price target implies 58.27% upside from AeroVironment, Inc.'s ($AVAV) current $139 share price.
  • Shares of AVAV traded at $136.68 on Friday, with a market cap of $6.92 billion and a forward P/E of 34.1.
  • Insider activity included planned sales by Stephen Page and a notable buy by COO Robert Fendlay Smith.

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On June 26, 2026, Keybanc reiterated its buy rating on AeroVironment, Inc. (NasdaqGS: AVAV), setting a price target of $220. This analysis comes as shares of AeroVironment traded at $136.68 on Friday.

Analyst rating track record

Keybanc vs. the S&P 500

YTD return +45.59% hypothetical
All-time return +72.55% S&P 500 +29.66%
vs. S&P 500 +42.89% ahead of the index

Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.

Other Institutional Activity in AeroVironment, Inc.

Several institutional investors have adjusted their positions in AeroVironment. BlackRock, Inc. trimmed its holdings by 708,485 shares, leaving it with 4,959,699 shares valued at approximately $907.9 million. State Street Corp increased its stake by 307,712 shares to a total of 2,289,357 shares worth about $419.1 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both initiated new positions, acquiring 1,693,775 and 1,616,315 shares, respectively, valued at $310.0 million and $295.9 million. Meanwhile, Baillie Gifford & Co reduced its position by 153,070 shares, holding 1,026,741 shares valued at $187.9 million. Mirae Asset Global ETFs Holdings Ltd. boosted its stake by 217,652 shares, now holding 937,460 shares worth $171.5 million.

AeroVironment, Inc. Stock Down 6.0%

As of Friday, AeroVironment's stock was trading at $136.68. The company has a market capitalization of about $6.92 billion and a forward P/E ratio of 34.1, indicating investor expectations for future earnings growth. Its beta is 1.361, suggesting higher volatility compared to the market. The stock's 52-week range spans from $135.2 to $417.86, with a 50-day moving average of $179.55 and a 200-day moving average of $256.37. AeroVironment maintains a strong liquidity position with a current ratio of 5.51 and a quick ratio of 4.396, alongside a manageable debt-to-equity ratio of 19.335.

12-month forecast

$AVAV price target

Past daily closes and this analyst's 12-month price target. Not investment advice.

Recent Earnings

AeroVironment reported revenue of approximately $1.61 billion, experiencing a modest growth rate of 1.4%. However, the company is not currently profitable, as indicated by a negative net margin of -13.9% and a return on equity of -8.7%. The next earnings release is scheduled for June 29, 2026.

Insider Buying and Selling at AeroVironment, Inc.

Recent insider transactions at AeroVironment include planned sales by Stephen Page, who sold 250 shares on June 15, 2026, at an average price of $174.41, and another 250 shares on May 15, 2026, at $162.31. Robert Fendlay Smith, the Chief Operating Officer, purchased 1,800 shares on April 13, 2026, at $194.39, indicating confidence in the company's prospects. Brian Charles Shackley, the Chief Accounting Officer, bought 707 shares on March 16, 2026, and sold 200 shares under a planned sale at $212.52 on the same day.

Analysts Set New Price Targets

On June 26, 2026, Keybanc maintained its buy rating on AeroVironment with a price target of $220. Piper Sandler also reiterated a buy rating with a $248 target on the same day. Earlier, on June 23, 2026, BTIG maintained its buy rating, setting a target of $205. The consensus among 16 analysts is a buy, with an average price target of $293.31.

About AeroVironment, Inc.

AeroVironment, Inc. is an Arlington, Virginia-based company that specializes in designing and producing robotic systems and related services for government and business clients globally. Operating in the Aerospace & Defense industry, it offers a range of products including uncrewed aircraft systems, counter-UAS solutions, and precision strike munitions. The company is led by CEO Wahid Nawabi and employs approximately 1,456 people.

Bottom Line

Keybanc's reiteration of its buy rating on AeroVironment, Inc. with a $220 price target reflects confidence in the company's future prospects. Investors often track these analyst opinions to gauge market sentiment, though it's important to remember that these ratings are based on past and current performance metrics. As AeroVironment approaches its next earnings report, market participants will be keen to see how the company's financials align with these optimistic projections.

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