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

Key Points

• Firefly Aerospace, Inc. (NASDAQ:FLY) has received a consensus rating of “Moderate Buy” from six brokerages, with three firms giving it a hold rating and three assigning a buy rating.
• The average one-year price target from brokerages is $55.17, with individual targets ranging from $54.00 to $65.00.
• As of Tuesday, Firefly Aerospace shares opened at $45.37, with a yearly trading range between $44.00 and $73.80.

Shares of Firefly Aerospace, Inc. (NASDAQ:FLY - Get Free Report) have earned an average recommendation of "Moderate Buy" from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $55.1667.

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Firefly Aerospace in a research note on Tuesday. They set an "overweight" rating and a $55.00 target price on the stock. Morgan Stanley assumed coverage on shares of Firefly Aerospace in a research note on Tuesday. They set an "equal weight" rating and a $52.00 target price on the stock. Cantor Fitzgerald assumed coverage on shares of Firefly Aerospace in a research note on Tuesday. They set an "overweight" rating and a $65.00 target price on the stock. The Goldman Sachs Group assumed coverage on shares of Firefly Aerospace in a research note on Tuesday. They set a "neutral" rating and a $54.00 target price on the stock. Finally, Zacks Research upgraded shares of Firefly Aerospace to a "hold" rating in a research note on Thursday.

Firefly Aerospace Price Performance

Shares of FLY traded down $0.19 during mid-day trading on Tuesday, hitting $42.63. 390,024 shares of the company's stock were exchanged, compared to its average volume of 1,472,315. Firefly Aerospace has a fifty-two week low of $41.57 and a fifty-two week high of $73.80.

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.