Firefly Aerospace Stock Surges, But I Still See A Speculative Buy
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Dhierin BechaiInvesting Group LeaderFollow5ShareSaveCommentsSummaryFirefly Aerospace remains attractive for a speculative buy, despite a reduced price target of $37.38 and a recent 27% stock surge.Recent positives include Russell 2000/3000 index inclusion, a Volta Space partnership, and the appointment of an experienced COO from Boeing.FLY's valuation is now based on a 3x EV/Sales multiple for 2026, offering approximately 60% upside from current levels.Key risks include potential mission failures, development setbacks, and intensifying competition among emerging space companies. Alones Creative/iStock via Getty Images Firefly Aerospace (FLY) stock surged 27% following several announcements over the past few days that the market seemingly is conceiving as positives. While the stock price has surged, we note that the price is still downThis article was written byDhierin Bechai22.11K FollowersFollowDhierin-Perkash Bechai is an aerospace, defense and airline analyst. Dhierin runs the investing group The Aerospace Forum, whose goal is to discover investment opportunities in the aerospace, defense and airline industry. With a background in aerospace engineering, he provides analysis of a complex industry with significant growth prospects, and offers context to developments as they occur, describing how they might affect investment theses. His investing ideas are driven by data informed analysis. The investing group also provides direct access to data analytics monitors. Learn more.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Quick InsightsWhat is the updated price target and upside for FLY?The price target is now $37.38 for 2026, implying roughly 60% upside from current levels based on a 3x aerospace peer group EV/Sales multiple.How do recent developments impact FLY’s investment case?Index inclusion, a new COO, and a technology demonstration agreement have boosted sentiment and exposure, but do not materially change near-term revenue forecasts.What are the principal risks facing FLY’s speculative buy thesis?Mission failures, development setbacks like the Alpha rocket test, and increasing competition could negatively impact timelines, cash needs, and valuation.Recommended For You