Firefly Aerospace (NASDAQ:FLY) Now Covered by The Goldman Sachs Group

Key Points

• The Goldman Sachs Group has initiated coverage of Firefly Aerospace (NASDAQ: FLY) with a neutral rating and a price target of $54.00, indicating a potential upside of 19.02% from its current price.
• Other research firms have also reviewed the stock, with Jefferies Financial Group assigning a buy rating and Wall Street Zen upgrading it to a hold rating, resulting in a consensus rating of "Moderate Buy."
• Firefly Aerospace shares opened at $45.37 and have seen a 1-year price range between $44.00 and $73.80.

The Goldman Sachs Group began coverage on shares of Firefly Aerospace (NASDAQ:FLY - Free Report) in a research report released on Tuesday, Marketbeat reports. The brokerage issued a neutral rating and a $54.00 price target on the stock.

FLY has been the subject of several other research reports. Wall Street Zen upgraded Firefly Aerospace to a "hold" rating in a research report on Sunday, August 17th. Jefferies Financial Group assumed coverage on Firefly Aerospace in a research report on Monday. They issued a "buy" rating and a $60.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $55.17.

Firefly Aerospace Stock Performance

NASDAQ:FLY traded down $0.19 during mid-day trading on Tuesday, reaching $42.63. The stock had a trading volume of 390,024 shares, 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.

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.