Firefly Aerospace (NASDAQ:FLY) Given New $35.00 Price Target at Barclays

Firefly Aerospace (NASDAQ:FLY) had its price target lifted by Barclays from $34.00 to $35.00 in a research report released on Wednesday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other equities analysts have also commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Firefly Aerospace in a research report on Tuesday, September 22nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $35.00 price target on shares of Firefly Aerospace in a report on Wednesday, August 12th. KeyCorp dropped their price objective on Firefly Aerospace from $50.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, November 2nd. Wells Fargo & Company started coverage on Firefly Aerospace in a report on Monday, July 27th. They set an “equal weight” rating and a $25.00 price objective on the stock. Finally, Roth Capital decreased their target price on Firefly Aerospace from $60.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Seven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.75.

Firefly Aerospace Stock Performance

FLY stock opened at $26.61 on Wednesday. Firefly Aerospace has a twelve month low of $14.44 and a twelve month high of $62.17. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of -13.30 and a beta of 0.84. The business’s fifty day simple moving average is $20.55 and its two-hundred day simple moving average is $26.75. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.02.

Firefly Aerospace (NASDAQ:FLY) last posted its quarterly earnings results on Tuesday, November 10th. The company reported ($0.45) EPS for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.15. Firefly Aerospace had a negative net margin of 88.37% and a negative return on equity of 24.80%. The firm had revenue of $110.68 million for the quarter. During the same quarter in the previous year, the company posted ($0.33) earnings per share. The company’s revenue for the quarter was up 259.4% on a year-over-year basis. Analysts predict that Firefly Aerospace will post -2.31 earnings per share for the current year.

Institutional Investors Weigh In On Firefly Aerospace

Hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in Firefly Aerospace in the second quarter worth approximately $173,573,000. Van ECK Associates Corp increased its holdings in shares of Firefly Aerospace by 43.8% in the 2nd quarter. Van ECK Associates Corp now owns 3,048,335 shares of the company’s stock valued at $89,621,000 after acquiring an additional 927,804 shares during the period. Tema ETFs LLC raised its position in shares of Firefly Aerospace by 133,440.2% in the 2nd quarter. Tema ETFs LLC now owns 2,280,867 shares of the company’s stock worth $67,057,000 after acquiring an additional 2,279,159 shares in the last quarter. Tidal Investments LLC bought a new position in shares of Firefly Aerospace in the 2nd quarter worth $63,714,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Firefly Aerospace during the 3rd quarter worth $23,354,000.

Recent Firefly Aerospace Headlines

Investors following FLY have been watching these headlines:

• Positive Sentiment: Firefly forecast 2026 revenue of $440 million to $450 million, slightly above the $438.1 million consensus estimate. The outlook accompanies a reported $1.3 billion AST SpaceMobile partnership, which could turn launch capacity demand into a substantial growth opportunity. Seeking Alpha article
• Positive Sentiment: A new agreement with Japan’s Synspective provides for up to 10 Alpha launches through 2030, with as many as 20 satellites to be deployed. The long-term contract adds visibility to launch demand. Firefly announcement
• Negative Sentiment: Despite the quarterly beat, Firefly remains loss-making; its $0.45-per-share loss was larger than the $0.33 loss reported a year earlier. Continued operating losses remain a risk as the company scales production and launch operations.

About Firefly Aerospace

Firefly Aerospace is a space and defense technology company founded in 2017 and headquartered in Cedar Park, Texas. It develops launch vehicles and spacecraft and provides launch, lunar, and in-space transportation services for government and commercial customers. Its products include the Alpha rocket, designed to carry small and medium-sized payloads to orbit, and the Blue Ghost lunar lander, which delivers payloads to the Moon. The company also develops Elytra, an orbital vehicle intended to support missions such as payload transport and in-space operations.