J.P. Morgan cuts PT for Firefly Aerospace amid launch delays
J.P. Morgan cuts PT of space and defense technology company Firefly Aerospace FLY.O to $28 from $55 on slower launch ramp
Firefly shares rise ~1.13% to $17.05 premarket
Brokerage cites underperformance since IPO amid delays in Alpha rocket launches and volatile market sentiment
J.P. Morgan expects Firefly to resume Alpha flights in Q1 of 2026; brokerage now expects four launches in 2026, eight in 2027 and 12 in 2028
FLY's SciTec acquisition expands its Golden Dome opportunity, but the DoD's push for companies to fund development of their space-based interceptors delays revenue visibility, the brokerage says
Brokerage's PT still represents a ~66.1% upside to stock's last close
As of last close, stock down ~62.5% from the $45 offer price in its August IPO
Related Articles
Elon Musk’s SpaceX Poised for Record-Breaking IPO: How Can Retail Investors Get In on the Action of Starlink Stock?
TradingKey - Elon Musk's rocket manufacturer SpaceX is expected to launch an IPO in 2026, with a target IPO valuation projected to reach $1.5 trillion. However, prior to its listing, the stock can only be traded in the private market, characterized by low information transparency and high capital ba
Cathie Wood Predicts Bitcoin Has Bottomed. Is Now The Best Time to Buy? How to Buy BTC?
Purchasing Bitcoin is generally divided into three stages: pre-transaction, during transaction, and post-transaction. Each stage requires careful attention, as losses can easily arise from operational errors, pitfalls, and other factors.
Musk’s Next Ambition: Building a Space-Based AI Data Center
TradingKey - Musk has long resisted the idea of taking SpaceX public. After the Tesla take-private drama and the resulting SEC penalties (which cost him the chairmanship), he’s been wary of public market entanglements. But something’s changed—and fast.
Gold Price Steady Climb and the Sudden Surge of Silver and Copper: Will Their Bull Run Extend Into 2026?
Dow Jones Market Data shows this marks the first time since 1980all three metals—gold, silver, and copper—simultaneously refreshed their all-time highs in the same year. Will this rally extend into 2026?
