Firefly Aerospace, Inc. (NASDAQ:FLY) Receives $52.29 Average Price Target from Analysts

Shares of Firefly Aerospace, Inc. (NASDAQ:FLY) have been assigned an average rating of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $52.2857.

A number of research firms have recently weighed in on FLY. Deutsche Bank Aktiengesellschaft set a $40.00 target price on shares of Firefly Aerospace in a report on Monday, October 6th. The Goldman Sachs Group started coverage on shares of Firefly Aerospace in a report on Tuesday, September 2nd. They set a “neutral” rating and a $54.00 price target on the stock. Roth Capital set a $40.00 price target on shares of Firefly Aerospace in a report on Tuesday, September 30th. Jefferies Financial Group upgraded shares of Firefly Aerospace to a “strong-buy” rating in a report on Tuesday, September 2nd. Finally, Morgan Stanley started coverage on shares of Firefly Aerospace in a report on Tuesday, September 2nd. They set an “equal weight” rating and a $52.00 price target on the stock.

Firefly Aerospace Stock Performance

Firefly Aerospace stock opened at $25.77 on Wednesday. The business has a 50-day simple moving average of $37.12. Firefly Aerospace has a twelve month low of $25.50 and a twelve month high of $73.80.

Firefly Aerospace (NASDAQ:FLY) last posted its earnings results on Monday, September 22nd. The company reported ($5.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.42) by ($4.88). The firm had revenue of $15.55 million for the quarter, compared to analysts’ expectations of $15.19 million. Firefly Aerospace has set its FY 2025 guidance at EPS.

Hedge Funds Weigh In On Firefly Aerospace

A hedge fund recently bought a new stake in Firefly Aerospace stock. Canal Insurance CO acquired a new stake in Firefly Aerospace, Inc. (NASDAQ:FLY) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,000 shares of the company’s stock, valued at approximately $293,000.

About Firefly Aerospace

Firefly Aerospace is a market leading space and defense technology company with an established track record of success providing comprehensive mission solutions to national security, government, and commercial customers. Our mission is to enable responsive, regular, and reliable launch, transit, and operations in space for our customers across the globe.