Firefly Aerospace Inc. (NASDAQ:FLY) is among the 10 best American defense stocks to buy according to Wall Street analysts.
On January 20, Goldman Sachs lifted its price target on the stock to $32 from $29, while maintaining a Neutral rating. The firm’s adjustment came as part of its broader analysis of the aerospace and defense sector.
In a research note to investors, analyst Anthony Valentini noted favorable conditions for aerospace OEMs, with demand outpacing supply. He also highlighted the growth in defense hardware, while warning that margins could be squeezed from shifting contracts.
Earlier on January 16, Morgan Stanley’s Kristine Liwag raised the firm’s price target on Firefly Aerospace Inc. (NASDAQ:FLY) to $33 from $27 as it adjusted the valuation multiple for the stock ahead of the Flight 7 mission. The firm reiterated an Equal Weight rating on the shares.
As of the close of business on February 5, FLY is a Moderate Buy, with Wall Street analysts anticipating an upside of 62.22% to its share price.
The company, which only recently had its IPO in August last year, is attracting investor attention, with 22 hedge funds holding a stake in it, according to Insider Monkey’s database for Q3 2025.
Firefly Aerospace Inc. (NASDAQ:FLY) is a space and defense technology company, providing mission solutions for government and commercial customers.
While we acknowledge the potential of FLY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 12 Most Profitable NASDAQ Stocks to Buy Right Now and 10 Best Defense Stocks to Buy in the S&P 500.
Disclosure: None.
