KeyBanc Starts Firefly Aerospace Inc (FLY) at Sector Weight
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KeyBanc analyst Michael Leshock initiates coverage on Firefly Aerospace Inc (NASDAQ: FLY) with a Sector Weight rating.
The analyst comments "Early spacecraft traction in new market with expanding TAM; launch track record still developing post setbacks; Eclipse progressing but timing uncertain; strong post-IPO cash position; breakeven FCF modeled for late-2028; potential need for capital raises; shares trade at ~5.5x P/S vs. peers at 5-15x."
For an analyst ratings summary and ratings history on Firefly Aerospace Inc click here. For more ratings news on Firefly Aerospace Inc click here.
Shares of Firefly Aerospace Inc closed at $18.53 yesterday.
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