Firefly Aerospace (NASDAQ:FLY) Given Overweight Rating at Cantor Fitzgerald

Firefly Aerospace (NASDAQ:FLY)‘s stock had its “overweight” rating restated by stock analysts at Cantor Fitzgerald in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $35.00 price objective on the stock. Cantor Fitzgerald’s target price indicates a potential upside of 32.78% from the company’s previous close.

Other analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $35.00 target price on shares of Firefly Aerospace in a report on Tuesday, May 5th. Roth Capital lifted their price target on Firefly Aerospace from $35.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. The Goldman Sachs Group upped their price objective on Firefly Aerospace from $29.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, April 20th. Wells Fargo & Company initiated coverage on Firefly Aerospace in a report on Monday, July 27th. They issued an “equal weight” rating and a $25.00 target price for the company. Finally, Morgan Stanley increased their price target on Firefly Aerospace from $33.00 to $37.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Seven analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Firefly Aerospace currently has an average rating of “Moderate Buy” and a consensus price target of $40.64.

Firefly Aerospace Stock Up 2.3%

Shares of FLY stock opened at $26.36 on Wednesday. The company’s fifty day simple moving average is $26.53 and its two-hundred day simple moving average is $29.48. Firefly Aerospace has a 52 week low of $16.00 and a 52 week high of $62.17. The stock has a market cap of $4.22 billion and a P/E ratio of -3.23. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.02.

Firefly Aerospace (NASDAQ:FLY) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.42) earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $117.68 million during the quarter. During the same quarter in the previous year, the business earned ($5.78) EPS. The company’s revenue for the quarter was up 659.2% on a year-over-year basis. Analysts predict that Firefly Aerospace will post -1.83 EPS for the current fiscal year.

Insider Buying and Selling at Firefly Aerospace

In other news, General Counsel David Leigh Wheeler sold 3,765 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $45.12, for a total transaction of $169,876.80. Following the completion of the sale, the general counsel directly owned 142,758 shares of the company’s stock, valued at approximately $6,441,240.96. The trade was a 2.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.50% of the company’s stock.

Institutional Investors Weigh In On Firefly Aerospace

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLY. Vanguard Group Inc. purchased a new stake in shares of Firefly Aerospace in the 3rd quarter worth $53,409,000. Franklin Resources Inc. bought a new position in shares of Firefly Aerospace during the third quarter valued at approximately $7,834,000. BNP Paribas Financial Markets purchased a new position in Firefly Aerospace during the third quarter valued at approximately $26,000. UBS Group AG bought a new position in Firefly Aerospace in the third quarter worth approximately $15,587,000. Finally, Two Sigma Investments LP purchased a new stake in Firefly Aerospace during the third quarter worth $1,128,000.

Key Firefly Aerospace News

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.