ARLINGTON, Virginia, June 27, 2026, 16:03 EDT
- Almost half of AeroVironment’s weekly volume traded on Friday, but shares ended up just 0.93% at $137.95.
- Shares traded a bit over their 52-week low. Piper Sandler, Clear Street, and KeyBanc issued new targets that still showed major upside from Friday’s close.
- The company linked the restatement in a June SEC filing to a non-cash goodwill error in its Space unit, connected to BADGER and SCAR.
- June 27 is a Saturday, so this report looks back at last week and ahead to next week. Nasdaq trades on weekdays only.
AeroVironment, Inc. NASDAQ:AVAV heads into its Monday earnings call and the stock isn’t trading strictly on the drone-demand narrative anymore.
The stock closed up 0.93% at $137.95 Friday. Turnover spiked, with 5.88 million shares traded—around 4.6 times the 1.27 million average volume shown by Google Finance. Shares touched an intraday low of $135.72, not far from the 52-week bottom of $135.20.
AeroVironment, Inc. stock traded 5.87 million shares Friday, making up 49.4% of its total volume for the week of June 22. The stock dropped 8.8% for the week, closing at $151.33 Monday and $137.95 Friday, even after a bounce to end the week.
The gap between where the stock trades and where analysts see it is still big. Google Finance shows six Wall Street analysts with fresh ratings, all at Buy, over the last three months. The average 12-month price target is $234. The lowest target is $205. On Friday, Piper Sandler’s Clarke Jeffries set a target at $248, Clear Street’s Brian Dobson at $247, and KeyBanc’s Michael Leshock at $220.
Investors are focused on whether Monday’s Q4 report will be enough to put those targets back in play, a simpler ask than the one set by the target table.
AeroVironment plans to post fiscal Q4 and full-year 2026 numbers after the bell on June 29. CEO Wahid Nawabi, CFO Sean Woodward and IR chief Denise Pacioni will run the conference call at 4:30 p.m. ET.
Space is weighing on the company. AeroVironment flagged in a June SEC filing that the audit committee determined its 10-Q for the January quarter would need to be restated, saying it can’t be relied on before a new version comes out. The issue tied to the carrying value in the Space goodwill impairment test.
The company said in its filing the error was non-cash. It left current assets, current liabilities, revenue and cash used in operating activities unchanged from what was previously reported. According to the filing, operating loss was understated by $89.4 million, net loss by $87.3 million, and basic and diluted net loss per share by $1.75 for the quarter.
The filing said the incremental impairment was tied to a stop-work order and then a termination for convenience on the company’s BADGER phased-array antenna systems contract for the U.S. Space Force’s SCAR program. The charge didn’t result from revised long-term cash-flow forecasts, and the company said it found no subsequent trigger event.
SCAR risk stayed in focus at the end of the week, after Levi & Korsinsky said June 26 that a securities class action was filed over AeroVironment. The suit covers investors who bought or acquired the stock from June 25, 2025 to March 10, 2026; it claims AeroVironment understated its chances of facing competition tied to SCAR.
Piper Sandler trimmed its price target on the stock to $248, down from $290, but kept its Overweight. The call pointed to the restatement and the SCAR Badger contract loss. The firm said it’s tough to pin down fiscal 2027 because of questions around product mix and capacity spend slowing profit.
Clear Street dropped its target to $247 from $293 but stuck with a Buy. The firm said contract awards are moving further out, not going away. Results on June 29 and the July 8 investor day should offer more on award timing and BlueHalo commercialization.
KeyBanc slashed its price target on AeroVironment to $220 from $295 but left its Overweight call in place. The broker tweaked its forecasts after revising SCAR assumptions and projecting a slower bounce in space-related sales. Still, KeyBanc said AeroVironment remains well positioned for UAS, counter-UAS, and defense demand.
Nawabi said in March, “We do not expect the SCAR program to have a significant impact on our growth profile beyond this year.” Now, the focus is on whether Monday’s call gives investors figures to back that up. AeroVironment, Inc.
