Firefly Aerospace (NASDAQ:FLY) Given New $50.00 Price Target at B. Riley Financial

Firefly Aerospace (NASDAQ:FLY) had its target price lowered by analysts at B. Riley Financial from $60.00 to $50.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley Financial’s price objective would suggest a potential upside of 89.68% from the company’s current price.

Several other equities research analysts also recently commented on FLY. The Goldman Sachs Group raised their target price on Firefly Aerospace from $29.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Firefly Aerospace in a research report on Tuesday, May 5th. Jefferies Financial Group reissued a “buy” rating and set a $52.00 target price on shares of Firefly Aerospace in a research report on Tuesday, June 2nd. Wells Fargo & Company initiated coverage on shares of Firefly Aerospace in a research note on Monday, July 27th. They issued an “equal weight” rating and a $25.00 target price for the company. Finally, KeyCorp raised shares of Firefly Aerospace from a “sector weight” rating to an “overweight” rating and set a $50.00 price target for the company in a report on Monday, June 15th. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $38.36.

Firefly Aerospace Price Performance

Shares of FLY stock remained flat at $26.36 during mid-day trading on Wednesday. 2,959,379 shares of the stock were exchanged, compared to its average volume of 5,531,733. The firm’s 50-day moving average is $26.53 and its 200 day moving average is $29.48. 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 fifty-two week low of $16.00 and a fifty-two week high of $62.17. The stock has a market cap of $4.22 billion and a price-to-earnings ratio of -3.23.

Firefly Aerospace (NASDAQ:FLY) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.42) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.50) by $0.08. The firm had revenue of $117.68 million during the quarter. Firefly Aerospace had a negative return on equity of 40.96% and a negative net margin of 181.16%.The firm’s revenue for the quarter was up 659.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($5.78) earnings per share. As a group, research analysts anticipate that Firefly Aerospace will post -1.83 EPS for the current fiscal year.

Insider Activity

In other news, General Counsel David Leigh Wheeler sold 3,765 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $45.12, for a total value of $169,876.80. Following the sale, the general counsel owned 142,758 shares in the company, valued at approximately $6,441,240.96. This represents a 2.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 7.50% of the company’s stock.

Institutional Trading of Firefly Aerospace

Several institutional investors and hedge funds have recently bought and sold shares of FLY. BNP Paribas Financial Markets acquired a new position in shares of Firefly Aerospace in the 3rd quarter worth approximately $26,000. CIBC Private Wealth Group LLC acquired a new position in Firefly Aerospace in the third quarter worth $26,000. KBC Group NV bought a new stake in Firefly Aerospace during the first quarter valued at $38,000. California State Teachers Retirement System acquired a new stake in shares of Firefly Aerospace during the fourth quarter worth $30,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Firefly Aerospace during the fourth quarter worth $38,000.

Firefly Aerospace News Summary

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

• Positive Sentiment: Firefly reported record second-quarter revenue of $117.7 million, up 659% year over year, while its adjusted loss of $0.42 per share was narrower than the $0.50 analyst consensus. The substantial revenue growth reflects increased launch, spacecraft and defense activity. Firefly Aerospace second-quarter 2026 financial results
• Positive Sentiment: Lockheed Martin extended its multi-launch agreement with Firefly through 2031, covering up to 25 launches using the Alpha Block II rocket. The longer-term customer commitment improves revenue visibility and supports Firefly’s launch-production expansion. Firefly Aerospace Lockheed Martin agreement extension
• Positive Sentiment: Cantor Fitzgerald reaffirmed its Overweight rating and set a $35 price target, implying meaningful upside from recent trading levels. Cantor Fitzgerald rating
• Neutral Sentiment: Management maintained its 2026 revenue outlook of $420 million to $450 million, broadly in line with the approximately $440 million consensus estimate. The unchanged forecast provides stability but does not represent a new upward catalyst.
• Neutral Sentiment: Firefly is increasing vehicle production even as launch activity has lagged, creating a potential mismatch between manufacturing investment and near-term flight cadence. Firefly increases vehicle production as launches lag
• Negative Sentiment: Goldman Sachs analyst Noah Poponak reiterated a Hold rating, citing ongoing cash burn and a cautious outlook despite the quarterly beat. Firefly remains unprofitable, with a negative net margin and analysts expecting a full-year loss, which may limit the stock’s upside. Goldman Sachs analyst view on Firefly Aerospace
• Negative Sentiment: A law firm announced an investigation into potential fiduciary-duty claims involving Firefly officers and directors. The announcement does not establish wrongdoing but adds headline and governance risk. Johnson Fistel Firefly 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.