RBC Capital Reiterates Outperform Rating on $AVAV, PT $250 Analyst comments: "Increased focus on execution; expectations should reward investors into FY27. We hosted a day of meetings with AVAV management. We continue to like the stock for its position in the growing unmanned and C-UAS market, but near-term risks include FY27 DoW budget visibility, geopolitical de-escalation, and the potential for mid-term election risk. Moreover, AVAV has recently struggled with execution and expectation management, which has contributed to the underperformance. Management is confident in its 4Q26 outlook, which we believe can be a positive catalyst. However, we believe FY27 adjusted EBITDA estimates are elevated and expect the company to be notably conservative with its initial FY27 guide." Analyst: Ken Herbert