Firefly Aerospace (NASDAQ:FLY) Stock Price Up 6.9% - Here's What Happened

Key Points

• Firefly Aerospace saw a significant stock price increase of 6.9%, closing at $30.40 after trading as high as $29.98 on a day with reduced trading volume.
• Analyst ratings have varied, with Zacks raising the rating to "hold," while others set a price target of $40.00, and Morgan Stanley giving it a price objective of $52.00.
• The stock currently has a consensus rating of "Moderate Buy" with an average target price of $52.29 according to market analysts.

Firefly Aerospace, Inc. (NASDAQ:FLY - Get Free Report)'s share price rose 6.9% on Wednesday . The stock traded as high as $29.98 and last traded at $30.40. Approximately 386,302 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 1,784,056 shares. The stock had previously closed at $28.44.

Analyst Ratings Changes

FLY has been the subject of several analyst reports. Zacks Research raised shares of Firefly Aerospace to a "hold" rating in a research note on Thursday, September 4th. Deutsche Bank Aktiengesellschaft set a $40.00 price target on shares of Firefly Aerospace in a research note on Monday. Roth Capital set a $40.00 price target on shares of Firefly Aerospace in a research note on Tuesday, September 30th. Wall Street Zen cut shares of Firefly Aerospace from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. Finally, Morgan Stanley initiated coverage on shares of Firefly Aerospace in a research report on Tuesday, September 2nd. They set an "equal weight" rating and a $52.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $52.29.

Firefly Aerospace Stock Up 10.4%

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.

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