Keybanc Upgrades Firefly Aerospace to 'Buy' with $50 Target
Keybanc raises Firefly Aerospace's price target to $50, citing potential growth, a 57.18% upside from the current price.
Key Points
- Keybanc upgraded Firefly Aerospace to 'buy' with a new price target of $50 on June 15, 2026.
- Keybanc's $50 price target implies 57.18% upside from Firefly Aerospace Inc.'s ($FLY) current $31.81 share price.
- Firefly Aerospace's shares are trading at $31.87, with a market cap of $5.23 billion.
- Insiders recently bought shares, while major funds like BlackRock increased their holdings.
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Keybanc has upgraded Firefly Aerospace Inc. (NasdaqGM:FLY) to a 'buy' rating, setting a new price target of $50. This change, announced on June 15, 2026, suggests optimism about the company's future prospects.
Analysts Set New Price Targets
On June 15, 2026, Keybanc upgraded Firefly Aerospace to a 'buy' rating, setting a price target of $50. This change reflects a positive outlook on the company's growth potential. Other analysts have maintained their ratings, with Morgan Stanley holding a 'hold' at a $37 target and Roth Capital maintaining a 'buy' with a $60 target.
Other Institutional Activity in Firefly Aerospace
AE Industrial Partners, LP holds a significant stake in Firefly Aerospace with 35,227,754 shares valued at approximately $1 billion. Vanguard Portfolio Management LLC added 2,427,201 shares, bringing its total to 2,427,201 shares worth about $69.1 million. Vanguard Capital Management LLC also increased its position by 2,333,889 shares, now holding 2,333,889 shares valued at $66.4 million. BlackRock, Inc. grew its holdings by 583,787 shares, ending with 2,037,915 shares worth around $58 million.
Firefly Aerospace Inc. Stock Up 49.6%
Shares of Firefly Aerospace are trading near $31.87. The company has a market cap of approximately $5.23 billion. It currently has no meaningful P/E ratio as it isn't profitable, with a forward P/E of -24.47. The stock has a 52-week low of $16.00 and a high of $73.80, with a 50-day moving average of $39.47 and a 200-day moving average of $29.97. Firefly Aerospace maintains a current ratio of 2.53, a quick ratio of 2.24, and a debt-to-equity ratio of 4.80.
Recent Earnings
Firefly Aerospace reported revenue of $184.9 million, showing a growth rate of 44.8%. However, the company posted a net margin of -193.83% and a return on equity of -62.15%. The next earnings report is expected on August 4, 2026.
Insider Buying and Selling at Firefly Aerospace Inc.
Several insiders, including Thomas Hansueli Zurbuchen and Kirk Michael Konert, purchased 3,630 shares each on June 4, 2026. These transactions were not under pre-planned trading arrangements, indicating direct insider interest in the company.
About Firefly Aerospace
Firefly Aerospace Inc. is a space and defense technology company headquartered in Leander, Texas. It provides mission solutions for national security, government, and commercial clients in the U.S. The company offers integrated launch and space services, including responsive launch services like Alpha and medium-lift vehicles like Eclipse. It also provides lunar delivery services through Blue Ghost and space maneuverability solutions with Elytra. Founded in 2017, Firefly Aerospace is led by CEO Jason Kim and employs about 1,409 people.
Bottom Line
Keybanc's upgrade of Firefly Aerospace to a 'buy' with a $50 target reflects confidence in the company's growth potential. While the stock trades below its recent highs, insider buying and increased institutional interest suggest a positive outlook. As always, investors should remember that analyst ratings and 13F filings are backward-looking and may not reflect the current situation.
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