B. Riley Financial Issues Positive Forecast for Firefly Aerospace (NASDAQ:FLY) Stock Price

Firefly Aerospace (NASDAQ:FLY) had its price target lifted by equities researchers at B. Riley Financial from $40.00 to $54.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley Financial‘s price target would indicate a potential upside of 108.81% from the stock’s current price.

Several other equities research analysts have also commented on the stock. KeyCorp decreased their price objective on shares of Firefly Aerospace from $50.00 to $35.00 and set an “overweight” rating for the company in a research note on Monday, November 2nd. Wall Street Zen upgraded Firefly Aerospace from a “sell” rating to a “hold” rating in a research note on Saturday. Jefferies Financial Group reaffirmed a “buy” rating on shares of Firefly Aerospace in a report on Friday. Roth Capital decreased their price target 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. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Firefly Aerospace in a research report on Tuesday, September 22nd. Seven equities 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.67.

Firefly Aerospace Stock Performance

Shares of FLY stock opened at $25.86 on Wednesday. The firm has a 50-day moving average of $20.43 and a 200-day moving average of $26.77. The company has a market cap of $4.33 billion, a P/E ratio of -8.63 and a beta of 0.84. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.73 and a quick ratio of 2.73. Firefly Aerospace has a one year low of $14.44 and a one year high of $62.17.

Firefly Aerospace (NASDAQ:FLY) last released its quarterly earnings results on Tuesday, November 10th. The company reported ($0.45) earnings per share for the quarter, topping the consensus estimate of ($0.60) by $0.15. Firefly Aerospace had a negative net margin of 126.64% and a negative return on equity of 22.28%. The business had revenue of $110.68 million for the quarter. During the same quarter last year, the firm posted ($0.33) earnings per share. The firm’s revenue for the quarter was up 259.4% compared to the same quarter last year. Equities research analysts forecast that Firefly Aerospace will post -2.31 EPS for the current fiscal year.

Institutional Trading of Firefly Aerospace

Several hedge funds have recently added to or reduced their stakes in FLY. BlackRock Inc. bought a new stake in Firefly Aerospace in the second quarter worth about $173,573,000. Van ECK Associates Corp grew its position in shares of Firefly Aerospace by 43.8% during 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 grew its position in shares of Firefly Aerospace by 133,440.2% during the 2nd quarter. Tema ETFs LLC now owns 2,280,867 shares of the company’s stock valued at $67,057,000 after acquiring an additional 2,279,159 shares during the period. Tidal Investments LLC purchased a new stake in shares of Firefly Aerospace during the 2nd quarter worth approximately $63,714,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Firefly Aerospace during the 3rd quarter worth approximately $23,354,000.

Trending Headlines about Firefly Aerospace

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

• Positive Sentiment: Japanese satellite operator Synspective agreed to buy up to 10 Alpha rocket launches through 2030, potentially putting as many as 20 of its radar satellites into orbit. The agreement adds long-term commercial demand, though the launches are spread over several years and are not necessarily all guaranteed. Firefly Aerospace Signs Multi-Launch Agreement with Synspective
• Positive Sentiment: Third-quarter revenue rose 259.4% year over year to $110.68 million, and the $0.45-per-share loss was narrower than analysts expected. Firefly also reported a record $1.7 billion backlog, supporting its growth outlook. Firefly Aerospace Announces Third Quarter 2026 Financial Results
• Negative Sentiment: Despite beating estimates, Firefly’s quarterly loss widened from $0.33 per share a year earlier to $0.45. Its substantial negative net margin underscores that rapid revenue growth has not yet translated into profitability. Firefly Aerospace Narrows 3Q Loss as Revenue Takes Off

Firefly Aerospace Company Profile

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.