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Analysts Are Betting This Red-Hot Space Stock Could Gain Nearly 170%
Yahoo Finance· 2026-03-16 19:35
Core Insights - Firefly Aerospace successfully returned to flight on March 11, leading to a 12.8% intraday rise in stock price on March 12 and a 23.58% increase over the past month [1][4] Company Performance - The Alpha Flight 7 mission successfully lifted off from Vandenberg Space Force Base, completing an orbital insertion and delivering a payload for Lockheed Martin [2] - Firefly Aerospace reported Q3 fiscal 2025 revenue of $30.78 million, a 37.6% year-over-year increase, surpassing Wall Street expectations of $28.90 million [7] - The company secured two contracts from NASA during the quarter, including a $176.70 million contract for lunar payload delivery and a $10 million addendum for additional lunar data [8] Market Position - Firefly Aerospace has a market capitalization of $3.74 billion and a price-to-sales ratio of 24.42x, significantly higher than the industry average of 1.78x [3][5] - Analysts are optimistic about the stock, with Cantor Fitzgerald setting a price target of $65, suggesting a potential upside of nearly 200% from current levels [3] Historical Context - The company went public via a successful IPO last year, with the stock gaining over 34% on its debut, but it has since dropped 45.4% over the past six months before recent gains [4]