Buy This Drone Stock, Analyst Says. There’s More Growth Ahead.

Shares of drone and autonomous systems maker AeroVironment have been strangely weak, down by double digits over the past month. Piper Sandler analyst Clarke Jefferies on Thursday launched coverage of AeroVironment with a Buy rating and a $391 price target. Piper Sandler’s Jefferies wrote in his note that he sees more growth for the company and a “proven agility to develop some of the market’s most innovative products in rapidly growing segments.”