Buy this drone stock as demand for unmanned aircrafts grows, Goldman Sachs says

Aevex went public recently, and Goldman Sachs thinks investors should scoop it up. The bank initiated coverage of the drone name with a buy rating. Its $34 price target implies 39% upside from Monday's close. "Aevex is an opportunity to invest in a defense tech company that sells into a rapidly growing end-market, and that has strong profit margins and cash flow on top of high rates of relatively early stage growth," analyst Noah Poponak said Tuesday in a note to clients. …