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

Deutsche Bank Aktiengesellschaft upgraded shares of Firefly Aerospace (NASDAQ:FLY) from a hold rating to a buy rating in a research note released on Thursday, MarketBeat.com reports. The brokerage currently has $30.00 target price on the stock, down from their prior target price of $40.00.

Several other research analysts also recently weighed in on the stock. Wall Street Zen downgraded shares of Firefly Aerospace from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. The Goldman Sachs Group initiated coverage on shares of Firefly Aerospace in a report on Tuesday, September 2nd. They issued a “neutral” rating and a $54.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on Firefly Aerospace in a research report on Tuesday, September 2nd. They set an “overweight” rating and a $55.00 target price on the stock. Cantor Fitzgerald started coverage on Firefly Aerospace in a report on Tuesday, September 2nd. They issued an “overweight” rating and a $65.00 price target for the company. Finally, Zacks Research raised Firefly Aerospace to a “hold” rating in a research report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned 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 an average target price of $49.43.

Firefly Aerospace Stock Performance

Shares of FLY opened at $22.95 on Thursday. Firefly Aerospace has a 12 month low of $18.21 and a 12 month high of $73.80. The stock’s 50-day moving average is $31.05.

Firefly Aerospace (NASDAQ:FLY) last announced its earnings results on Wednesday, November 12th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.42) by $0.09. The company had revenue of $30.78 million for the quarter, compared to analysts’ expectations of $28.93 million. The company’s quarterly revenue was up 37.5% on a year-over-year basis. Firefly Aerospace has set its FY 2025 guidance at EPS.

Institutional Trading of Firefly Aerospace

A number of institutional investors and hedge funds have recently made changes to their positions in FLY. AE Industrial Partners LP bought a new position in Firefly Aerospace during the 3rd quarter worth $1,063,863,000. Vanguard Group Inc. bought a new position in shares of Firefly Aerospace during the third quarter worth about $53,409,000. Capital World Investors acquired a new stake in shares of Firefly Aerospace in the 3rd quarter worth about $35,337,000. JPMorgan Chase & Co. bought a new stake in Firefly Aerospace in the 3rd quarter valued at about $19,471,000. Finally, WCM Investment Management LLC acquired a new position in Firefly Aerospace during the 3rd quarter valued at about $19,386,000.

Firefly Aerospace Company Profile

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.