Firefly Aerospace (NASDAQ:FLY) Coverage Initiated by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of Firefly Aerospace (NASDAQ:FLY) in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. The firm issued an overweight rating and a $55.00 price objective on the stock.

FLY has been the topic of a number of other reports. The Goldman Sachs Group began coverage on Firefly Aerospace in a report on Tuesday. They issued a “neutral” rating and a $54.00 price objective on the stock. Jefferies Financial Group began coverage on Firefly Aerospace in a report on Monday. They issued a “buy” rating and a $60.00 price objective on the stock. Morgan Stanley began coverage on Firefly Aerospace in a report on Tuesday. They issued an “equal weight” rating and a $52.00 price objective on the stock. Finally, Wall Street Zen upgraded Firefly Aerospace to a “hold” rating in a report on Sunday, August 17th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $55.17.

Firefly Aerospace Trading Down 2.5%

Shares of Firefly Aerospace stock opened at $44.23 on Tuesday. Firefly Aerospace has a 1-year low of $43.61 and a 1-year high of $73.80.

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.