Firefly Aerospace (NASDAQ:FLY) Stock Price Expected to Rise, B. Riley Financial Analyst Says

Key Points

• B. Riley raised its Firefly Aerospace price target to $54 from $40 and maintained a Buy rating, implying 108.81% upside from the prior close. Analysts overall rate the stock Moderate Buy, with an average target of $35.67.
• Firefly reported third-quarter revenue of $110.68 million, up 259.4% year over year, and a loss of $0.45 per share that beat estimates. Its backlog reached a record $1.7 billion, but the company remains unprofitable.
• A Japanese satellite operator agreed to purchase up to 10 Alpha rocket launches through 2030, adding potential long-term commercial demand.

Firefly Aerospace (NASDAQ:FLY - Get Free Report) had its price target boosted by equities researchers at B. Riley Financial from $40.00 to $54.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a "buy" rating on the stock. B. Riley Financial's price target indicates a potential upside of 108.81% from the stock's previous close.

FLY has been the topic of a number of other reports. Wall Street Zen raised Firefly Aerospace from a "sell" rating to a "hold" rating in a research note on Saturday. Cantor Fitzgerald reiterated an "overweight" rating and issued a $35.00 price target on shares of Firefly Aerospace in a report on Wednesday, August 12th. KeyCorp decreased their price objective on Firefly Aerospace from $50.00 to $35.00 and set an "overweight" rating for the company in a report on Monday, November 2nd. Wells Fargo & Company started coverage on Firefly Aerospace in a research report on Monday, July 27th. They set an "equal weight" rating and a $25.00 target price on the stock. Finally, Roth Capital cut their target price on Firefly Aerospace from $60.00 to $45.00 and set a "buy" rating on the stock in a report on Wednesday, August 12th. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Firefly Aerospace has an average rating of "Moderate Buy" and an average target price of $35.67.

Firefly Aerospace Trading Up 9.1%

NASDAQ:FLY opened at $25.86 on Wednesday. Firefly Aerospace has a 12 month low of $14.44 and a 12 month high of $62.17. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of -8.63 and a beta of 0.84. The firm has a fifty day simple moving average of $20.43 and a two-hundred day simple moving average of $26.77.

Firefly Aerospace (NASDAQ:FLY - Get Free Report) last announced its quarterly earnings data on Tuesday, November 10th. The company reported ($0.45) earnings per share for the quarter, beating the consensus estimate of ($0.60) by $0.15. The firm had revenue of $110.68 million for the quarter. Firefly Aerospace had a negative net margin of 126.64% and a negative return on equity of 22.28%. Firefly Aerospace's revenue for the quarter was up 259.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.33) EPS. Analysts expect that Firefly Aerospace will post -2.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Firefly Aerospace

Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Firefly Aerospace during the 2nd quarter valued at about $173,573,000. Van ECK Associates Corp raised its stake in shares of Firefly Aerospace by 43.8% in the second quarter. Van ECK Associates Corp now owns 3,048,335 shares of the company's stock worth $89,621,000 after purchasing an additional 927,804 shares during the last quarter. Tema ETFs LLC raised its stake in shares of Firefly Aerospace by 133,440.2% in the second quarter. Tema ETFs LLC now owns 2,280,867 shares of the company's stock worth $67,057,000 after purchasing an additional 2,279,159 shares during the last quarter. Tidal Investments LLC bought a new position in shares of Firefly Aerospace in the second quarter valued at approximately $63,714,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Firefly Aerospace in the third quarter valued at approximately $23,354,000.

Key Firefly Aerospace News

Here are the key news stories impacting Firefly Aerospace this week:

• Positive Sentiment: Japanese satellite operator Synspective agreed to buy up to 10 Alpha rocket launches through 2030, potentially putting as many as 20 of its radar satellites into orbit. The agreement adds long-term commercial demand, though the launches are spread over several years and are not necessarily all guaranteed. Firefly Aerospace Signs Multi-Launch Agreement with Synspective
• Positive Sentiment: Third-quarter revenue rose 259.4% year over year to $110.68 million, and the $0.45-per-share loss was narrower than analysts expected. Firefly also reported a record $1.7 billion backlog, supporting its growth outlook. Firefly Aerospace Announces Third Quarter 2026 Financial Results
• Negative Sentiment: Despite beating estimates, Firefly’s quarterly loss widened from $0.33 per share a year earlier to $0.45. Its substantial negative net margin underscores that rapid revenue growth has not yet translated into profitability. Firefly Aerospace Narrows 3Q Loss as Revenue Takes Off

About Firefly Aerospace

Firefly Aerospace is a space and defense technology company founded in 2017 and headquartered in Cedar Park, Texas. It develops launch vehicles and spacecraft and provides launch, lunar, and in-space transportation services for government and commercial customers. Its products include the Alpha rocket, designed to carry small and medium-sized payloads to orbit, and the Blue Ghost lunar lander, which delivers payloads to the Moon. The company also develops Elytra, an orbital vehicle intended to support missions such as payload transport and in-space operations.

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