Firefly Aerospace (NASDAQ:FLY) Shares Gap Up - Still a Buy?

Key Points

• Firefly Aerospace's shares opened significantly higher at $30.88, up from a previous close of $27.37, with 1,831,363 shares traded.
• Analyst ratings for Firefly Aerospace vary, with a range of ratings including one "Strong Buy," three "Buy," and four "Hold," and an average price target of $52.29.
• The company is recognized as a leading provider of space and defense technology solutions catering to national security, government, and commercial sectors.

Firefly Aerospace, Inc. (NASDAQ:FLY - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $27.37, but opened at $30.88. Firefly Aerospace shares last traded at $29.50, with a volume of 1,831,363 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have issued reports on FLY shares. Roth Capital set a $40.00 price target on Firefly Aerospace in a research report on Tuesday, September 30th. Morgan Stanley started coverage on Firefly Aerospace in a research report on Tuesday, September 2nd. They issued an "equal weight" rating and a $52.00 price target on the stock. Wall Street Zen lowered Firefly Aerospace from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. Jefferies Financial Group raised Firefly Aerospace to a "strong-buy" rating in a research report on Tuesday, September 2nd. Finally, Cantor Fitzgerald started coverage on Firefly Aerospace in a research report on Tuesday, September 2nd. They issued an "overweight" rating and a $65.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $52.29.

Firefly Aerospace Stock Performance

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.

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