Firefly Stock (FLY) Soars 24% After Blowout Q3 Earnings – Is This Just the Beginning?
Firefly (FLY) just lit up the market with a 24% single-day surge—fueled by earnings that crushed expectations. Here’s what’s sparking the rally… and whether the flames can last.
The Numbers Don’t Lie (But Wall Street Might)
No fluffy guidance or vague ‘macro tailwinds’ here—FLY’s Q3 results delivered concrete growth. Yet skeptics whisper: ‘Another pump before institutional bagholders cash out?’
Retail FOMO vs. Smart Money Moves
Mainstreet’s piling in, but watch the options flow. If whales are loading up on cheap calls, this could get volatile. Remember: stocks don’t just ‘go up’ forever—unless you’re a central banker.
Bottom Line: FLY’s got momentum, but in today’s market? Even a stellar quarter can turn into a trap for the overeager. Trade the chart, not the headline.
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FLY’s Q3 Earnings Snapshot
The company posted $30.8 million in revenue, nearly doubling year-over-year, driven by lunar data sales and momentum from its Electra mission. Also, full-year guidance was raised to between $150 million and $158 million.
It must be noted that backlog climbed to $1.3 billion, including $170 million from SciTec, pointing to long-term visibility.
Analysts Optimistic about FLY’s Growth
Following the results, Cantor Fitzgerald analyst Colin Canfield reiterated a Buy rating and $65 price target. The analyst highlighted Firefly’s plan to resume Alpha rocket launches in late Q425 or early Q126, a key milestone after resolving engine issues that had grounded the program. Canfield also pointed to SciTec’s $170 million backlog as a sign of strong growth visibility.
At the same time, Deutsche Bank analyst Edison Yu upgraded Firefly stock to Buy from Hold, but trimmed the price target to $30 from $40. The analyst sees improved visibility for FireFly’s upcoming Flight 7, now that the Alpha rocket’s first-stage engine issue has been resolved. The launch, expected later this year or in early 2026, could act as a major catalyst and “change the narrative” around the company.
Yu also pointed to “multiple opportunities” tied to the Golden Dome project, suggesting further upside potential.
What Is the Projection for FLY Stock?
Turning to Wall Street, FLY stock has a Moderate Buy consensus rating based on five Buys and two Holds assigned in the last three months. At $49.43, the average Firefly price target implies a 130.12% upside potential.
