Cantor gives Firefly the same old thumbs-up

Same song, different conference

Cantor Fitzgerald basically told Firefly Aerospace, “We still like you,” after Space Symposium — which is analyst-speak for the vibes are intact, but the upside math is getting awkward. The firm reiterated its Overweight rating and held the line at a $35 price target.

The stock already launched

Firefly shares are trading around $44.17, which is a polite way of saying the market has already sprinted past Cantor’s target and kept going. The stock is up 97% year-to-date, so investors are no longer shopping in the bargain aisle here.

Why investors should care

This matters because analyst notes can still steer sentiment, especially for a high-flying space name like Firefly. But when the target sits well below the current price, the note is less of a cheerleader megaphone and more of a reminder that Wall Street isn’t ready to call the moon mission complete.

Big picture

Firefly is still getting credit for NASA optimism, intelligence tailwinds, and its recent traction — but the easy gains may already be in the rearview mirror. In other words: the rocket is flying, but analysts are telling you the launch pad may have gotten a little crowded.