Firefly Aerospace Analysts Boost Their Forecasts Following Better-Than-Expected Q3 Results

Firefly Aerospace Inc (NASDAQ:FLY) on Tuesday posted upbeat financial results for the third quarter.

Firefly reported third-quarter revenue of $110.68 million, beating analyst estimates of $102.30 million, according to Benzinga Pro. The space company reported a third-quarter adjusted loss of 45 cents per share, beating estimates for a loss of 48 cents per share.

"Firefly’s third quarter reflects the power of our diversified and vertically-integrated business," said Jason Kim, CEO of Firefly Aerospace. "With five Moon missions running in parallel, Alpha Block II moving toward launch, SciTec executing on critical national security programs, and our strategic deal with AST SpaceMobile, we are converting our pipeline and backlog into results."

The company raised its full-year 2026 revenue outlook from a range of $420 million to $450 million to a new range of $440 million to $450 million, versus estimates of $439.69 million.

Firefly Aerospace shares gained 10.4% to trade at $26.17 on Wednesday.

These analysts made changes to their price targets on Firefly Aerospace following earnings announcement.

• B. Riley Securities analyst Mike Crawford maintained the stock with a Buy and raised the price target from $40 to $54.
• Barclays analyst Anthony Valentini maintained the stock with an Equal-Weight rating and raised the price target from $34 to $35.

Considering buying FLY stock? Here’s what analysts think:

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