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

Firefly Aerospace (NASDAQ:FLY) had its target price raised by research analysts at Barclays from $34.00 to $35.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target would indicate a potential upside of 35.62% from the stock’s previous close.

Several other analysts also recently weighed in on the company. Roth Capital cut their price target on Firefly Aerospace from $60.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Wall Street Zen raised Firefly Aerospace from a “sell” rating to a “hold” rating in a research report on Saturday. B. Riley Financial lifted their price objective on Firefly Aerospace from $40.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday. KeyCorp dropped their target price on Firefly Aerospace from $50.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, November 2nd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Firefly Aerospace in a research note on Tuesday, September 22nd. Seven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Firefly Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $35.75.

Firefly Aerospace Stock Up 8.9%

NASDAQ:FLY traded up $2.11 during mid-day trading on Wednesday, hitting $25.81. 1,951,535 shares of the company’s stock were exchanged, compared to its average volume of 4,866,729. The company has a market cap of $4.32 billion, a PE ratio of -8.82 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. The business has a fifty day moving average price of $20.43 and a 200 day moving average price of $26.77.

Firefly Aerospace (NASDAQ:FLY) last announced its earnings results on Tuesday, November 10th. The company reported ($0.45) earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter. During the same period in the prior year, the business posted ($0.33) EPS. Firefly Aerospace’s revenue for the quarter was up 259.4% on a year-over-year basis. Equities analysts predict that Firefly Aerospace will post -2.31 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Lisanti Capital Growth LLC purchased a new stake in shares of Firefly Aerospace during the second quarter valued at approximately $3,059,000. Royal Bank of Canada increased its position in shares of Firefly Aerospace by 1,803.9% during the first quarter. Royal Bank of Canada now owns 225,782 shares of the company’s stock valued at $6,428,000 after acquiring an additional 213,923 shares in the last quarter. Tidal Investments LLC purchased a new position in Firefly Aerospace in the 2nd quarter worth approximately $63,714,000. Quantinno Capital Management LP purchased a new position in Firefly Aerospace in the 1st quarter worth approximately $1,431,000. Finally, Tema ETFs LLC lifted its position in Firefly Aerospace by 133,440.2% in 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 in the last quarter.

Latest Firefly Aerospace News

These are some of the FLY news items that stood out recently:

• 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

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.