Cantor Fitzgerald Reaffirms “Overweight” Rating for Firefly Aerospace (NASDAQ:FLY)

Firefly Aerospace (NASDAQ:FLY)‘s stock had its “overweight” rating reiterated by analysts at Cantor Fitzgerald in a report released on Wednesday,Benzinga reports. They presently have a $35.00 price objective on the stock. Cantor Fitzgerald’s price objective suggests a potential upside of 32.78% from the company’s current price.

A number of other analysts also recently issued reports on FLY. Wells Fargo & Company initiated coverage on shares of Firefly Aerospace in a report on Monday, July 27th. They set an “equal weight” rating and a $25.00 price target on the stock. Wall Street Zen raised shares of Firefly Aerospace from a “strong sell” rating to a “sell” rating in a report on Sunday, June 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $35.00 price objective on shares of Firefly Aerospace in a research report on Tuesday, May 5th. Roth Capital raised their target price on shares of Firefly Aerospace from $35.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, Weiss Ratings raised shares of Firefly Aerospace from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 25th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.64.

Firefly Aerospace Trading Up 2.3%

Shares of NASDAQ:FLY opened at $26.36 on Wednesday. The company has a market cap of $4.22 billion and a P/E ratio of -3.23. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.53 and a quick ratio of 2.53. Firefly Aerospace has a 1 year low of $16.00 and a 1 year high of $62.17. The stock’s fifty day moving average price is $26.53 and its 200-day moving average price is $29.48.

Firefly Aerospace (NASDAQ:FLY) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.42) EPS for the quarter, topping the consensus estimate of ($0.50) by $0.08. Firefly Aerospace had a negative return on equity of 40.96% and a negative net margin of 181.16%.The company had revenue of $117.68 million during the quarter. During the same quarter in the previous year, the business posted ($5.78) earnings per share. Firefly Aerospace’s quarterly revenue was up 659.2% compared to the same quarter last year. Sell-side analysts expect that Firefly Aerospace will post -1.83 earnings per share for the current year.

Insider Buying and Selling at Firefly Aerospace

In related news, General Counsel David Leigh Wheeler sold 3,765 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $45.12, for a total transaction of $169,876.80. Following the completion of the transaction, the general counsel directly owned 142,758 shares in the company, valued at approximately $6,441,240.96. The trade was a 2.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Firefly Aerospace

A number of hedge funds have recently modified their holdings of FLY. BNP Paribas Financial Markets bought a new stake in shares of Firefly Aerospace during the 3rd quarter valued at $26,000. CIBC Private Wealth Group LLC bought a new stake in Firefly Aerospace during the third quarter valued at about $26,000. California State Teachers Retirement System purchased a new position in shares of Firefly Aerospace in the fourth quarter valued at about $30,000. NBC Securities Inc. bought a new position in shares of Firefly Aerospace in the fourth quarter worth about $38,000. Finally, KBC Group NV purchased a new stake in shares of Firefly Aerospace during the first quarter worth about $38,000.

Key Stories Impacting Firefly Aerospace

Here are the key news stories impacting Firefly Aerospace this week:

• Positive Sentiment: Record revenue and smaller-than-expected loss: Firefly reported second-quarter revenue of $117.7 million, up 659% year over year, while its loss of $0.42 per share was better than the $0.50 loss analysts expected. The results reflect growing activity across launch, lunar and space-vehicle programs. Firefly Aerospace second-quarter 2026 financial results
• Positive Sentiment: Longer-term Lockheed Martin agreement: Firefly extended its multi-launch agreement with Lockheed Martin by two years through 2031. The Alpha Block II arrangement covers up to 25 launches, improving potential backlog visibility and supporting the company’s production ramp. Firefly Aerospace Lockheed Martin agreement extension
• Positive Sentiment: Scaling production and contract momentum: Management is increasing vehicle production and highlighted demand from national-security and commercial customers. The strong quarterly growth and new contracts reinforce the investment case that Firefly is transitioning from development toward higher-volume operations. Firefly Aerospace revenue and contracts
• Neutral Sentiment: Revenue outlook broadly aligns with expectations: Firefly guided to fiscal 2026 revenue of $420 million to $450 million, compared with analyst expectations of approximately $440.2 million. The range supports continued growth but does not represent a significant forecast upgrade.
• Negative Sentiment: Launch execution remains a concern: Firefly is expanding production even as launches have lagged, creating potential timing, execution and cash-burn risks. The company remains unprofitable, with a substantial negative net margin, and analysts still expect a full-year loss. Firefly increases production as launches lag
• Negative Sentiment: Shareholder investigation adds legal uncertainty: Johnson Fistel announced an investigation into potential fiduciary-duty breaches involving Firefly officers and directors. The announcement does not establish wrongdoing, but it adds a headline risk for investors. Firefly Aerospace shareholder investigation

About Firefly Aerospace

Firefly Aerospace (NASDAQ:FLY) is a U.S.-based aerospace company that designs, manufactures and operates launch vehicles and in-space systems for commercial, civil and national security customers. The company focuses on providing end-to-end small- and medium-lift launch services, mission integration and spacecraft hardware to support satellite deployment and on-orbit operations.

Firefly’s product portfolio includes the Alpha small launch vehicle, developed to carry small satellites to low Earth orbit, and plans for larger vehicles and in-space capabilities to address a range of payload sizes and mission profiles.