Deutsche Bank Aktiengesellschaft Initiates Coverage on Firefly Aerospace (NASDAQ:FLY)

Key Points

• Deutsche Bank Aktiengesellschaft initiated coverage of Firefly Aerospace, assigning a "hold" rating and a $45.00 target price, suggesting a potential downside of 0.82% from the current stock price.
• Other analysts have issued various ratings on the stock, including a "buy" rating from Jefferies Financial Group with a $60.00 target and an "overweight" rating from Cantor Fitzgerald with a $65.00 target.
• Firefly Aerospace's stock has experienced a 3.8% decline recently, with a one-year range of $44.00 to $73.80.

Analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of Firefly Aerospace (NASDAQ:FLY - Get Free Report) in a note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage set a "hold" rating and a $45.00 price target on the stock. Deutsche Bank Aktiengesellschaft's price objective points to a potential upside of 5.56% from the stock's previous close.

Other equities research analysts also recently issued research reports about the stock. The Goldman Sachs Group began coverage on shares of Firefly Aerospace in a research report on Tuesday. They set a "neutral" rating and a $54.00 price objective for the company. Cantor Fitzgerald began coverage on shares of Firefly Aerospace in a research report on Tuesday. They issued an "overweight" rating and a $65.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of Firefly Aerospace in a research report on Tuesday. They issued an "overweight" rating and a $55.00 target price for the company. Jefferies Financial Group began coverage on shares of Firefly Aerospace in a research report on Monday. They issued a "buy" rating and a $60.00 target price for the company. Finally, Morgan Stanley began coverage on shares of Firefly Aerospace in a research report on Tuesday. They issued an "equal weight" rating and a $52.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four 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 $55.17.

Firefly Aerospace Price Performance

Shares of FLY stock traded down $0.19 during trading hours on Tuesday, hitting $42.63. 390,024 shares of the company were exchanged, compared to its average volume of 1,472,315. Firefly Aerospace has a 52 week low of $41.57 and a 52 week 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.