AeroVironment Set For Growth As Drones Take Center Stage In Defense
1. Needham initiated coverage of AVAV with a Buy rating at $300 price target. 2. U.S. unmanned aerial systems market entering a long growth cycle. 3. AVAV's market share in defense contracts rose from 2% to nearly 7%. 4. AeroVironment's market opportunity is expected to expand to $50 billion. 5. The $1.7 billion capital raise could fund expansions and acquisitions.