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Investing.com - Cantor Fitzgerald has reiterated an Overweight rating and $65.00 price target on Firefly Aerospace Inc (NYSE:FLY), representing a 31% upside from the current price of $49.52, despite the company missing second-quarter sales and adjusted EBITDA estimates. The aerospace company, currently valued at $7.1 billion, has reported trailing twelve-month revenues of $108.3 million.
The research firm expects FLY stock to underperform in the short term following the earnings miss, though it believes share performance will be supported by accelerating opportunities in Defense and Civil markets. InvestingPro data reveals the stock is currently trading above its Fair Value, with analyst price targets ranging from $45 to $65.
Cantor Fitzgerald noted that space manufacturing and launch businesses inherently bring "a high degree of lumpiness" that makes meeting quarterly expectations difficult, while maintaining vigilance about how profitability impacts investor sentiment. According to InvestingPro’s analysis, the company’s overall financial health score is rated as Weak, with a current ratio of 1.39.
In the Defense market, the firm observes that supplemental budgets are significantly accelerating compared to base accounts, with areas like tactically responsive space, space domain awareness, and missile defense potentially receiving significant near-term support.
For Civil markets, Cantor Fitzgerald expects sentiment to improve as lunar ride share scales, lunar competition takes on national security dimensions, and Congress supports Mars visibility through 2030.
In other recent news, Firefly Aerospace has secured a $10 million contract addendum from NASA to provide additional data from its Blue Ghost Mission 1 lunar expedition. This contract falls under NASA’s Commercial Lunar Payload Services initiative and involves 120 gigabytes of data collected during the mission’s transit to the Moon and its surface operations. Additionally, several research firms have initiated coverage on Firefly Aerospace, reflecting various outlooks on the company’s future. Roth/MKM has given Firefly a Buy rating with a $60 target, citing its potential in the expanding space and national security market. Cantor Fitzgerald rated the company as Overweight with a $65 target, anticipating significant growth in its launch business. Morgan Stanley offered an Equalweight rating and a $52 target based on projected 2027 sales. Meanwhile, JPMorgan rated Firefly Aerospace as Overweight with a $55 target, projecting sales of $787 million for 2027. These developments highlight the company’s growing presence in the aerospace sector.
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