Shares of Firefly Aerospace, Inc. (NASDAQ:FLY - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $34.53 and last traded at $36.96, with a volume of 1591471 shares. The stock had previously closed at $35.98.
Analysts Set New Price Targets
FLY has been the subject of a number of analyst reports. Roth Capital initiated coverage on Firefly Aerospace in a research note on Wednesday, September 10th. They issued a "buy" rating and a $60.00 price target for the company. Wall Street Zen lowered Firefly Aerospace from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. The Goldman Sachs Group assumed coverage on Firefly Aerospace in a research report on Tuesday, September 2nd. They set a "neutral" rating and a $54.00 price objective for the company. Cantor Fitzgerald assumed coverage on Firefly Aerospace in a research report on Tuesday, September 2nd. They set an "overweight" rating and a $65.00 price objective for the company. Finally, JPMorgan Chase & Co. assumed coverage on Firefly Aerospace in a research report on Tuesday, September 2nd. They set an "overweight" rating and a $55.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $55.86.
Get Our Latest Stock Report on FLY
Firefly Aerospace Trading Up 2.7%
About Firefly Aerospace
(
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
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Firefly Aerospace, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Firefly Aerospace wasn't on the list.
While Firefly Aerospace currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
