JPMorgan initiated coverage of FireFly Aerospace (FLY) with an Overweight rating and $55 price target FireFly is a small and mid-size launch provider and spacecraft manufacturer, the analyst tells investors in a research note. The firm believes the company is positioned to capitalize on the “significant” and growing demand for satellite launches. It believes FireFly has an opportunity to begin generating cash in 2026 and adjusted EBITDA in 2027.
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