Cantor Fitzgerald lowered the firm’s price target on FireFly Aerospace (FLY) to $35 from $65 and keeps an Overweight rating on the shares. The firm’s outlook is supported by a materially improved NASA spending environment, resilient intelligence-sector tailwinds, and an improving launch cadence, with Alpha’s remaining 2026 launches likely to boost sentiment, the analyst tells investors in a research note. The company is positioned to benefit from growth, free cash flow, and multi-year valuation expansion, despite potential near-term volatility in risk assets, Cantor adds.
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