Goldman Sachs Initiates Coverage on Aevex with Buy Rating Amid Growing Drone Market Demand
Goldman Sachs has initiated coverage on drone manufacturer Aevex (AVEX) with a 'Buy' rating and a $34 price target, implying nearly 39% upside from its recent closing price. The firm highlights the growing demand for unmanned aerial systems in defense applications as well as broader market adoption driven by government initiatives like President Trump's executive order on drone integration.
Tickers: $GS
Topics: Aevex defense sector drone technology Goldman Sachs IPO performance