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Zacks Research Upgrades Firefly Aerospace (NASDAQ:FLY) to "Hold"

Firefly Aerospace logo with Manufacturing background

Key Points

  • Firefly Aerospace has been upgraded to a "hold" rating by Zacks Research, signaling a cautious outlook for the stock.
  • Several brokerages, including Cantor Fitzgerald and JPMorgan Chase & Co., have initiated coverage with overweight ratings and varying target prices, highlighting differing analyst sentiments.
  • The stock has a current price of $42.63, with a 1-year range between $41.57 and $73.80, indicating volatility in its stock performance.
  • MarketBeat previews the top five stocks to own by October 1st.

Zacks Research upgraded shares of Firefly Aerospace (NASDAQ:FLY - Free Report) to a hold rating in a research note issued to investors on Thursday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. assumed coverage on shares of Firefly Aerospace in a research note on Tuesday, September 2nd. They set an "overweight" rating and a $55.00 price target on the stock. Jefferies Financial Group raised shares of Firefly Aerospace to a "strong-buy" rating in a research note on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Firefly Aerospace in a research note on Tuesday, September 2nd. They set a "hold" rating and a $45.00 price target on the stock. Morgan Stanley assumed coverage on shares of Firefly Aerospace in a research note on Tuesday, September 2nd. They set an "equal weight" rating and a $52.00 price target on the stock. Finally, The Goldman Sachs Group assumed coverage on shares of Firefly Aerospace in a research note on Tuesday, September 2nd. They set a "neutral" rating and a $54.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $55.17.

View Our Latest Stock Analysis on FLY

Firefly Aerospace Stock Performance

NASDAQ:FLY traded up $0.15 during mid-day trading on Thursday, hitting $42.78. 1,034,607 shares of the company's stock traded hands, compared to its average volume of 1,063,026. Firefly Aerospace has a 1 year low of $41.57 and a 1 year high of $73.80.

Firefly Aerospace Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Firefly Aerospace (NASDAQ:FLY)

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