Firefly Aerospace (NASDAQ:FLY) Upgraded to Buy at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Firefly Aerospace (NASDAQ:FLY) from a hold rating to a buy rating in a research note published on Thursday, Marketbeat.com reports. The brokerage currently has $30.00 target price on the stock, down from their previous target price of $40.00.

FLY has been the topic of several other research reports. JPMorgan Chase & Co. initiated coverage on Firefly Aerospace in a research note on Tuesday, September 2nd. They issued an “overweight” rating and a $55.00 price target on the stock. The Goldman Sachs Group assumed coverage on shares of Firefly Aerospace in a report on Tuesday, September 2nd. They issued a “neutral” rating and a $54.00 price objective on the stock. Jefferies Financial Group raised shares of Firefly Aerospace to a “strong-buy” rating in a research note on Tuesday, September 2nd. Weiss Ratings started coverage on shares of Firefly Aerospace in a research note on Friday, October 31st. They issued a “sell (d-)” rating on the stock. Finally, Wall Street Zen lowered shares of Firefly Aerospace from a “hold” rating to a “sell” rating in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Firefly Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $49.43.

Firefly Aerospace Price Performance

Firefly Aerospace stock opened at $21.42 on Thursday. The company has a 50 day moving average price of $31.45. Firefly Aerospace has a 1-year low of $18.21 and a 1-year high of $73.80.

Firefly Aerospace (NASDAQ:FLY) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.42) by $0.09. The firm had revenue of $30.78 million for the quarter, compared to analysts’ expectations of $28.93 million. The firm’s revenue was up 37.5% on a year-over-year basis. Firefly Aerospace has set its FY 2025 guidance at EPS.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. UBS Group AG acquired a new position in shares of Firefly Aerospace in the third quarter valued at approximately $15,587,000. BNP Paribas Financial Markets purchased a new position in Firefly Aerospace in the 3rd quarter valued at approximately $26,000. Franklin Resources Inc. purchased a new position in Firefly Aerospace in the 3rd quarter valued at approximately $7,834,000. Capital Research Global Investors purchased a new stake in shares of Firefly Aerospace during the third quarter worth $8,278,000. Finally, Capital World Investors purchased a new stake in shares of Firefly Aerospace during the third quarter worth $35,337,000.

About Firefly Aerospace

Firefly Aerospace is a market leading space and defense technology company with an established track record of success providing comprehensive mission solutions to national security, government, and commercial customers. Our mission is to enable responsive, regular, and reliable launch, transit, and operations in space for our customers across the globe.