Firefly Aerospace (NASDAQ:FLY) Now Covered by Analysts at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald has initiated coverage on Firefly Aerospace (NASDAQ:FLY) with an "overweight" rating and a price target of $65.00, suggesting a potential upside of 43.27% from its current price.
• Several other analysts have also provided ratings, with Jefferies giving a "buy" rating and a $60.00 price target, while Morgan Stanley issued an "equal weight" rating and a $52.00 price target.
• The current consensus rating for Firefly Aerospace is "Moderate Buy" based on the evaluations of multiple financial firms, with an average price target of $57.20.

Cantor Fitzgerald initiated coverage on shares of Firefly Aerospace (NASDAQ:FLY - Get Free Report) in a research note issued on Tuesday,Benzinga reports. The firm set an "overweight" rating and a $65.00 price target on the stock. Cantor Fitzgerald's price objective indicates a potential upside of 43.27% from the stock's current price.

A number of other research analysts also recently commented on the company. Jefferies Financial Group assumed coverage on Firefly Aerospace in a report on Monday. They issued a "buy" rating and a $60.00 price objective on the stock. Wall Street Zen upgraded Firefly Aerospace to a "hold" rating in a report on Sunday, August 17th. Morgan Stanley initiated coverage on Firefly Aerospace in a report on Tuesday. They issued an "equal weight" rating and a $52.00 price objective on the stock. The Goldman Sachs Group initiated coverage on Firefly Aerospace in a research note on Tuesday. They set a "neutral" rating and a $54.00 price target on the stock. Finally, JPMorgan Chase & Co. initiated coverage on Firefly Aerospace in a research note on Tuesday. They set an "overweight" rating and a $55.00 price target on the stock. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $57.20.

Firefly Aerospace Price Performance

FLY opened at $45.37 on Tuesday. Firefly Aerospace has a one year low of $44.00 and a one year high of $73.80.

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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