Wall Street Watches Firefly Aerospace Inc. (FLY) As Space Market Expands

Firefly Aerospace Inc. (NASDAQ:FLY) is among the best US stocks to buy under $20. On November 20, 2025, Anthony Valentini, an analyst at Goldman Sachs, reinstated coverage on Firefly Aerospace Inc. (NASDAQ:FLY) with a ‘Neutral’ rating and price target of $29, according to TheFly.

This potential upside of nearly 67% is associated with the nascent space market that the company is serving. The analyst highlights in a research note that this market segment is poised to accelerate in the years ahead as it fills the gap in a supply-constrained space launch domain. While Firefly Aerospace Inc. (NASDAQ:FLY) is in a good medium- to long-term position, the launch industry risk and the company’s recent launch mishaps raise concerns, Goldman adds.

Three days earlier, on November 17, Morgan Stanley trimmed its price target on Firefly Aerospace Inc. (NASDAQ:FLY), with an unchanged “Equalweight” rating on the stock. The leading financial services firm compares the company’s inconsistent results of mere six launches to date with Rocket Lab’s solid record of 74 launches with 70 successes, advocating for a greater concession for Firefly Aerospace until it “reestablishes its footing with Alpha.”

Firefly Aerospace Inc. (NASDAQ:FLY) is a Texas-based space and defense technology company specializing in mission solutions for government and commercial customers. Founded in 2017, the company provides launch vehicles under the Alpha, Eclipse, Blue Ghost, Elytra, and Ocula brands.

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: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None.