KeyBanc Raises Firefly Rating to Overweight with $135 Target
FLY•KeyBanc raised Firefly’s rating to Overweight from Sector Weight and assigned a $135 price target, citing compelling opportunities across the rapidly growing space sector. Analysts argue the post-SpaceX IPO selloff overstates Firefly’s fundamentals.
1. KeyBanc Upgrade Details
KeyBanc upgraded Firefly from Sector Weight to Overweight and set a $135 price target. The firm highlighted valuation appeal and anticipated upside as the space sector expands.
2. Sector Selloff Assessment
Analysts contend that the selloff following the SpaceX IPO exaggerated risks across peers, arguing Firefly’s growth trajectory and project pipeline remain intact despite recent share weakness.
