Firefly Aerospace (NASDAQ:FLY) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Firefly Aerospace (NASDAQ:FLY) in a report issued on Thursday morning, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $29.00 target price on the stock.

A number of other equities research analysts have also recently weighed in on FLY. Roth Capital dropped their price target on shares of Firefly Aerospace from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Jefferies Financial Group upgraded shares of Firefly Aerospace to a “strong-buy” rating in a report on Tuesday, September 2nd. Cantor Fitzgerald started coverage on Firefly Aerospace in a research note on Tuesday, September 2nd. They set an “overweight” rating and a $65.00 price target on the stock. Weiss Ratings started coverage on Firefly Aerospace in a research note on Friday, October 31st. They issued a “sell (d-)” rating for the company. Finally, Morgan Stanley decreased their target price on Firefly Aerospace from $52.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.29.

Firefly Aerospace Stock Down 0.8%

FLY stock opened at $16.78 on Thursday. Firefly Aerospace has a 52-week low of $16.00 and a 52-week high of $73.80. The stock’s fifty day simple moving average is $28.56.

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

Institutional Investors Weigh In On Firefly Aerospace

Large investors have recently bought and sold shares of the stock. CIBC Bancorp USA Inc. acquired a new stake in Firefly Aerospace in the 3rd quarter valued at about $710,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Firefly Aerospace during the third quarter worth approximately $350,000. Armistice Capital LLC acquired a new stake in Firefly Aerospace in the third quarter valued at approximately $201,000. Woodline Partners LP purchased a new position in Firefly Aerospace in the third quarter worth approximately $8,743,000. Finally, Zimmer Partners LP acquired a new position in Firefly Aerospace during the 3rd quarter worth approximately $9,822,000.

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.