Firefly Aerospace (NASDAQ:FLY) Now Covered by Analysts at Roth Capital

Key Points

• Firefly Aerospace's stock rating has been upgraded to a "strong-buy" by Roth Capital, indicating increased confidence in the company's performance.
• Several analysts have issued various ratings and price targets for Firefly Aerospace, with an overall average price target of $55.86 and a consensus rating of "Moderate Buy."
• Despite the upgrade, Firefly Aerospace's shares were down 4.0% on the day, trading at $42.77 after reaching highs of $73.80 within the past year.

Analysts at Roth Capital started coverage on shares of Firefly Aerospace (NASDAQ:FLY - Get Free Report) in a research report issued on Tuesday, Marketbeat Ratings reports. The firm set a "buy" rating on the stock.

Other equities research analysts have also recently issued reports about the company. Zacks Research raised Firefly Aerospace to a "hold" rating in a research report on Thursday, September 4th. Wall Street Zen cut Firefly Aerospace from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. Morgan Stanley assumed coverage on Firefly Aerospace in a research report on Tuesday, September 2nd. They issued an "equal weight" rating and a $52.00 target price for the company. Deutsche Bank Aktiengesellschaft assumed coverage on Firefly Aerospace in a report on Tuesday, September 2nd. They set a "hold" rating and a $45.00 price objective for the company. Finally, Jefferies Financial Group raised Firefly Aerospace to a "strong-buy" rating in a report on Tuesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $55.86.

Firefly Aerospace Stock Performance

FLY opened at $42.77 on Tuesday. Firefly Aerospace has a 1-year low of $41.57 and a 1-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.