Mizuho Lowers AIRO Group (NASDAQ:AIRO) Price Target to $20.00

AIRO Group (NASDAQ:AIRO) had its price target dropped by research analysts at Mizuho from $25.00 to $20.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price target would indicate a potential upside of 116.45% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Wall Street Zen upgraded shares of AIRO Group from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. Weiss Ratings reiterated a “sell (e)” rating on shares of AIRO Group in a research report on Monday, December 29th. BTIG Research cut their target price on shares of AIRO Group from $26.00 to $19.00 and set a “buy” rating on the stock in a research note on Monday, November 24th. Finally, Cantor Fitzgerald decreased their target price on shares of AIRO Group from $35.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, November 21st. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, AIRO Group has an average rating of “Moderate Buy” and a consensus price target of $19.67.

AIRO Group Trading Up 13.0%

Shares of AIRO stock opened at $9.24 on Monday. The business has a fifty day moving average price of $10.44. AIRO Group has a 12 month low of $7.28 and a 12 month high of $39.07.

AIRO Group (NASDAQ:AIRO) last announced its earnings results on Friday, November 14th. The company reported ($0.28) earnings per share for the quarter. The firm had revenue of $6.28 million during the quarter.

Institutional Investors Weigh In On AIRO Group

Hedge funds have recently bought and sold shares of the company. Strs Ohio acquired a new stake in shares of AIRO Group in the third quarter valued at about $25,000. Raymond James Financial Inc. acquired a new stake in AIRO Group in the 2nd quarter valued at approximately $43,000. Bank of America Corp DE bought a new position in AIRO Group in the 2nd quarter worth approximately $60,000. JPMorgan Chase & Co. bought a new position in AIRO Group in the 3rd quarter worth approximately $54,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of AIRO Group during the third quarter worth approximately $62,000.

AIRO Group Company Profile

We are a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense opportunities. We leverage decades of industry expertise and connections across the drone, aviation, and avionics markets to provide leading solutions to the aerospace and defense market. We offer connected and diversified solutions providing operational synergies across our segments and are powered by an international footprint as well as supplier and public sector relationships.