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Stock impact report

Wall Street Firms Cut AIRO Group Holdings, Inc. (AIRO) Price Target But Affirm Long-Term Prospects [Yahoo! Finance]

AIRO Group Holdings, Inc. (AIRO) 
NASDAQ:AMEX Investor Relations: airspan.com/shareholder-information
Company Research Source: Yahoo! Finance
Cantor Fitzgerald reaffirmed his Buy rating on AIRO Group Holdings Inc. (NASDAQ:AIRO) on December 11, keeping his $20 price target unchanged. On November 24, BTIG analyst Andre Madrid lowered the price target on the stock to $19 from $26 while reiterating a Buy rating. The cut is in response to disappointing third-quarter results, in which sales dropped to $6.3 million from $23.7 million in the same quarter a year ago. Meanwhile, on November 21, Cantor Fitzgerald reiterated its overweight rating on AIRO Group but cut the price target to $20 from $30. While the research firm cut the price target over concerns that third-quarter results disappointed, it maintains the company represents significant value as a key drone supplier in the US and the European Union. A point of concern is that the company's increased focus and concentration on drone revenue, which represents 80% of 2025 sales, creates inherent quarterly volatility. Nevertheless, the research firm has echoed the company's Show less Read more
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