Firefly Aerospace (NASDAQ:FLY) Coverage Initiated by Analysts at Morgan Stanley

Key Points

• Morgan Stanley has initiated coverage on Firefly Aerospace (NASDAQ: FLY) with an "equal weight" rating and a price target of $52.00, indicating a potential upside of 14.61% from its current price.
• Two analysts have rated Firefly with a "Buy" rating, while two others assigned a "Hold" rating, resulting in an average rating of "Moderate Buy" and a consensus target price of $53.67.
• Firefly Aerospace's shares opened at $45.37, having experienced a 52-week trading range between $44.00 and $73.80.

Morgan Stanley initiated coverage on shares of Firefly Aerospace (NASDAQ:FLY - Free Report) in a research note released on Tuesday morning, MarketBeat reports. The brokerage issued an equal weight rating and a $52.00 target price on the stock.

A number of other equities analysts also recently weighed in on the stock. The Goldman Sachs Group started coverage on shares of Firefly Aerospace in a report on Tuesday. They set a "neutral" rating and a $54.00 target price on the stock. Wall Street Zen upgraded shares of Firefly Aerospace to a "hold" rating in a report on Sunday, August 17th. Finally, Jefferies Financial Group assumed coverage on shares of Firefly Aerospace in a report on Monday. They issued a "buy" rating and a $60.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $55.17.

Firefly Aerospace Price Performance

Shares of FLY stock traded down $0.19 during trading on Tuesday, reaching $42.63. The company's stock had a trading volume of 390,024 shares, compared to its average volume of 1,472,315. Firefly Aerospace has a one year low of $41.57 and a one year 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.