Firefly Aerospace (NASDAQ:FLY) Rating Increased to Strong-Buy at Jefferies Financial Group

Key Points

• Firefly Aerospace has been upgraded to a "strong-buy" rating by Jefferies Financial Group, indicating positive investor sentiment.
• Various analysts have set price objectives for Firefly Aerospace; JPMorgan Chase has a target of $55.00, while Cantor Fitzgerald has set it at $65.00, reflecting diverse expectations among market experts.
• The current consensus rating for Firefly Aerospace is "Moderate Buy" with a consensus price target of $55.17.

Firefly Aerospace (NASDAQ:FLY - Get Free Report) was upgraded by equities research analysts at Jefferies Financial Group to a "strong-buy" rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. started coverage on Firefly Aerospace in a report on Tuesday, September 2nd. They set an "overweight" rating and a $55.00 price objective for the company. Wall Street Zen raised Firefly Aerospace to a "hold" rating in a report on Sunday, August 17th. Deutsche Bank Aktiengesellschaft started 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. Morgan Stanley started coverage on Firefly Aerospace in a report on Tuesday, September 2nd. They set an "equal weight" rating and a $52.00 price objective for the company. Finally, Cantor Fitzgerald assumed coverage on Firefly Aerospace in a report on Tuesday, September 2nd. They set an "overweight" rating and a $65.00 price objective for the company. 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 MarketBeat.com, Firefly Aerospace presently has an average rating of "Moderate Buy" and an average target price of $55.17.

Firefly Aerospace Trading Down 0.4%

Shares of FLY traded down $0.19 during midday trading on Tuesday, hitting $42.63. 390,024 shares of the company traded hands, compared to its average volume of 1,472,315. Firefly Aerospace has a one year low of $41.57 and a one year high of $73.80.

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.