Firefly Aerospace (NASDAQ:FLY) Upgraded at Deutsche Bank Aktiengesellschaft

Firefly Aerospace (NASDAQ:FLY) was upgraded by equities researchers at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report released on Thursday, Marketbeat reports. The firm presently has a $30.00 price target on the stock, down from their prior price target of $40.00. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 63.84% from the stock’s current price.

FLY has been the topic of several other research reports. Jefferies Financial Group upgraded Firefly Aerospace to a “strong-buy” rating in a research note on Tuesday, September 2nd. Weiss Ratings initiated coverage on shares of Firefly Aerospace in a research note on Friday, October 31st. They issued a “sell (d-)” rating for the company. The Goldman Sachs Group assumed coverage on Firefly Aerospace in a report on Tuesday, September 2nd. They set a “neutral” rating and a $54.00 price objective on the stock. Cantor Fitzgerald initiated coverage on shares of Firefly Aerospace in a research note on Tuesday, September 2nd. They set an “overweight” rating and a $65.00 price objective for the company. Finally, JPMorgan Chase & Co. assumed coverage on shares of Firefly Aerospace in a report on Tuesday, September 2nd. They issued an “overweight” rating and a $55.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Firefly Aerospace presently has an average rating of “Moderate Buy” and a consensus target price of $50.86.

Firefly Aerospace Trading Down 4.3%

FLY opened at $18.31 on Thursday. The business’s fifty day moving average price is $31.88. Firefly Aerospace has a 1 year low of $18.21 and a 1 year high of $73.80.

Firefly Aerospace (NASDAQ:FLY) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.42) by $0.09. The business’s revenue was up 37.5% compared to the same quarter last year. Firefly Aerospace has set its FY 2025 guidance at EPS.

Institutional Trading of Firefly Aerospace

A number of hedge funds have recently bought and sold shares of the company. Canal Insurance CO purchased a new stake in Firefly Aerospace in the third quarter worth approximately $293,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Firefly Aerospace in the 3rd quarter worth $293,000. Teacher Retirement System of Texas purchased a new stake in Firefly Aerospace during the third quarter valued at about $3,836,000. LBP AM SA bought a new position in shares of Firefly Aerospace during the third quarter valued at about $1,795,000. Finally, Phoenix Financial Ltd. bought a new stake in shares of Firefly Aerospace in the 3rd quarter valued at about $14,468,000.

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.