Firefly Aerospace, Inc. (NASDAQ:FLY) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Firefly Aerospace, Inc. has received a consensus rating of "Moderate Buy" from analysts, with an average target price of $52.29 for the next 12 months.
• The company's recent earnings report for Q2 showed a miss with earnings per share of ($5.30), significantly below the expected ($0.42), although revenue was slightly above estimates.
• Firefly Aerospace's stock has seen fluctuations, opening at $28.18 with a 1-year range of $25.85 to $73.80.

Firefly Aerospace, Inc. (NASDAQ:FLY - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $52.2857.

A number of analysts recently issued reports on FLY shares. The Goldman Sachs Group started coverage on Firefly Aerospace in a research note on Tuesday, September 2nd. They set a "neutral" rating and a $54.00 target price for the company. Wall Street Zen cut Firefly Aerospace from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. Cantor Fitzgerald started coverage on Firefly Aerospace in a research note on Tuesday, September 2nd. They set an "overweight" rating and a $65.00 target price for the company. Zacks Research raised Firefly Aerospace to a "hold" rating in a research note on Thursday, September 4th. Finally, JPMorgan Chase & Co. started coverage on Firefly Aerospace in a research note on Tuesday, September 2nd. They set an "overweight" rating and a $55.00 target price for the company.

Firefly Aerospace Stock Performance

Firefly Aerospace stock opened at $28.18 on Wednesday. Firefly Aerospace has a 1 year low of $25.85 and a 1 year high of $73.80. The company's 50-day simple moving average is $38.68.

Firefly Aerospace (NASDAQ:FLY - Get Free Report) last released its earnings results on Monday, September 22nd. The company reported ($5.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.42) by ($4.88). The business had revenue of $15.55 million for the quarter, compared to the consensus estimate of $15.19 million. Firefly Aerospace has set its FY 2025 guidance at EPS.

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.

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