FireFly Aerospace price target lowered to $30 from $40 at Roth Capital

Roth Capital lowered the firm’s price target on FireFly Aerospace (FLY) to $30 from $40 and keeps a Buy rating on the shares post the Q3 report. The company guided 2025 higher reflecting the inclusion of acquired revenue in Q4 that was not included in the prior full-year outlook, the analyst tells investors in a research note. The firm says that while the U.S. government shutdown impacted FireFly slightly, causing delays in program award decisions and mild payment pushouts, its secular opportunities remain. FireFly has a growing backlog and opportunities in large government programs such as Golden Dome, contends Roth.