B. Riley Financial Lowers Firefly Aerospace (NASDAQ:FLY) Price Target to $50.00

Key Points

• B. Riley Financial lowered Firefly Aerospace’s price target from $60 to $50 while maintaining a “Buy” rating; the new target implies approximately 90% upside from the stock’s $26.36 price.
• Firefly reported record quarterly revenue of $117.7 million, up 659% year over year, and narrowed its loss to $0.42 per share versus the $0.50 consensus estimate. Lockheed Martin also extended a multilaunch agreement through 2031 for up to 25 Alpha Block II launches.
• Despite strong revenue growth and a “Moderate Buy” analyst consensus, Firefly remains unprofitable with significant cash burn, negative margins and a full-year loss expected; production expansion amid lagging launches and a shareholder investigation add risks.

Firefly Aerospace (NASDAQ:FLY - Get Free Report) had its price objective decreased by B. Riley Financial from $60.00 to $50.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. B. Riley Financial's price objective points to a potential upside of 89.68% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the company. Cantor Fitzgerald reiterated an "overweight" rating and set a $35.00 target price on shares of Firefly Aerospace in a report on Wednesday. Wells Fargo & Company started coverage on Firefly Aerospace in a research note on Monday, July 27th. They set an "equal weight" rating and a $25.00 price objective on the stock. Jefferies Financial Group restated a "buy" rating and issued a $52.00 target price on shares of Firefly Aerospace in a report on Tuesday, June 2nd. Morgan Stanley raised their price target on shares of Firefly Aerospace from $33.00 to $37.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 5th. Finally, KeyCorp upgraded shares of Firefly Aerospace from a "sector weight" rating to an "overweight" rating and set a $50.00 price target for the company in a report on Monday, June 15th. Seven equities research 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $38.36.

Firefly Aerospace Stock Performance

NASDAQ:FLY remained flat at $26.36 during mid-day trading on Wednesday. 2,959,379 shares of the company's stock traded hands, compared to its average volume of 5,531,733. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $4.22 billion and a P/E ratio of -3.23. The business has a 50-day simple moving average of $26.53 and a 200 day simple moving average of $29.48. Firefly Aerospace has a 52-week low of $16.00 and a 52-week high of $62.17.

Firefly Aerospace (NASDAQ:FLY - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($0.42) EPS for the quarter, beating the consensus estimate of ($0.50) by $0.08. Firefly Aerospace had a negative net margin of 181.16% and a negative return on equity of 40.96%. The business had revenue of $117.68 million for the quarter. During the same quarter in the prior year, the company earned ($5.78) earnings per share. The firm's revenue for the quarter was up 659.2% compared to the same quarter last year. On average, research analysts expect that Firefly Aerospace will post -1.83 earnings per share for the current fiscal year.

Insider Transactions at Firefly Aerospace

In other Firefly Aerospace news, General Counsel David Leigh Wheeler sold 3,765 shares of the firm's stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $45.12, for a total value of $169,876.80. Following the sale, the general counsel directly owned 142,758 shares of the company's stock, valued at approximately $6,441,240.96. This trade represents a 2.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.50% of the company's stock.

Institutional Investors Weigh In On Firefly Aerospace

Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets acquired a new position in Firefly Aerospace during the third quarter worth approximately $26,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Firefly Aerospace during the 3rd quarter valued at $26,000. KBC Group NV acquired a new stake in shares of Firefly Aerospace during the 1st quarter worth $38,000. California State Teachers Retirement System purchased a new position in shares of Firefly Aerospace in the 4th quarter worth $30,000. Finally, Russell Investments Group Ltd. acquired a new position in Firefly Aerospace in the fourth quarter valued at $38,000.

Key Firefly Aerospace News

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

• Positive Sentiment: Firefly reported record second-quarter revenue of $117.7 million, up 659% year over year, while its adjusted loss of $0.42 per share was narrower than the $0.50 analyst consensus. The substantial revenue growth reflects increased launch, spacecraft and defense activity. Firefly Aerospace second-quarter 2026 financial results
• Positive Sentiment: Lockheed Martin extended its multi-launch agreement with Firefly through 2031, covering up to 25 launches using the Alpha Block II rocket. The longer-term customer commitment improves revenue visibility and supports Firefly’s launch-production expansion. Firefly Aerospace Lockheed Martin agreement extension
• Positive Sentiment: Cantor Fitzgerald reaffirmed its Overweight rating and set a $35 price target, implying meaningful upside from recent trading levels. Cantor Fitzgerald rating
• Neutral Sentiment: Management maintained its 2026 revenue outlook of $420 million to $450 million, broadly in line with the approximately $440 million consensus estimate. The unchanged forecast provides stability but does not represent a new upward catalyst.
• Neutral Sentiment: Firefly is increasing vehicle production even as launch activity has lagged, creating a potential mismatch between manufacturing investment and near-term flight cadence. Firefly increases vehicle production as launches lag
• Negative Sentiment: Goldman Sachs analyst Noah Poponak reiterated a Hold rating, citing ongoing cash burn and a cautious outlook despite the quarterly beat. Firefly remains unprofitable, with a negative net margin and analysts expecting a full-year loss, which may limit the stock’s upside. Goldman Sachs analyst view on Firefly Aerospace
• Negative Sentiment: A law firm announced an investigation into potential fiduciary-duty claims involving Firefly officers and directors. The announcement does not establish wrongdoing but adds headline and governance risk. Johnson Fistel Firefly shareholder investigation

Firefly Aerospace Company Profile

Firefly Aerospace NASDAQ: FLY is a U.S.-based aerospace company that designs, manufactures and operates launch vehicles and in-space systems for commercial, civil and national security customers. The company focuses on providing end-to-end small- and medium-lift launch services, mission integration and spacecraft hardware to support satellite deployment and on-orbit operations.

Firefly's product portfolio includes the Alpha small launch vehicle, developed to carry small satellites to low Earth orbit, and plans for larger vehicles and in-space capabilities to address a range of payload sizes and mission profiles.

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