JPMorgan Chase & Co. Initiates Coverage on Firefly Aerospace (NASDAQ:FLY)

Key Points

• JPMorgan Chase & Co. has initiated coverage of Firefly Aerospace with an "overweight" rating and a price target of $55.00, indicating a potential upside of 21.23% from its current price.
• Other analysts have also begun coverage, with ratings ranging from "buy" by Jefferies to "neutral" by Goldman Sachs, resulting in an average rating of "Moderate Buy" and a consensus price target of $53.67.
• Firefly Aerospace's stock opened at $45.37, with a fifty-two week low of $44.00 and a high of $73.80.

Investment analysts at JPMorgan Chase & Co. initiated coverage on shares of Firefly Aerospace (NASDAQ:FLY - Get Free Report) in a report issued on Tuesday, Marketbeat Ratings reports. The firm set an "overweight" rating and a $55.00 price target on the stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 29.02% from the company's current price.

FLY has been the topic of a number of other reports. Jefferies Financial Group began coverage on Firefly Aerospace in a report on Monday. They issued a "buy" rating and a $60.00 target price on the stock. The Goldman Sachs Group began coverage on Firefly Aerospace in a report on Tuesday. They issued a "neutral" rating and a $54.00 target price on the stock. Morgan Stanley started coverage on Firefly Aerospace in a report on Tuesday. They issued an "equal weight" rating and a $52.00 target price on the stock. Finally, Wall Street Zen upgraded Firefly Aerospace to a "hold" rating in a research note on Sunday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $55.17.

Firefly Aerospace Stock Down 0.4%

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 fifty-two week low of $41.57 and a fifty-two 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.