14 Best Aerospace and Defense Stocks to Buy According to Wall Street Analysts

3. Firefly Aerospace Inc. (NASDAQ:FLY)

Number of Hedge Fund Holders: 22

Analyst Upside Potential: 71.75%

Firefly Aerospace Inc. (NASDAQ:FLY) is one of the best aerospace and defense stocks to buy according to Wall Street analysts. On December 10, Firefly Aerospace Inc. (NASDAQ:FLY) inked a commercial payload agreement with Volta Space Technologies. The deal is for the provision of a wireless power receiver in the Blue Ghost Mission 2 lander.

The payload is poised to test the technology for Volta’s planned Lunar power network called LightGrid. The collaboration will allow Volta to prove its LightPort receiver in a real lunar environment and move closer to delivering a fully integrated power grid for the moon.

Using laser transmission from orbiting satellites to surface receivers, Volta’s LightGrid network aims to power lunar surface missions. The U.S. Department of Defense, NASA, ESA, and the Canadian Space Agency have all provided financing to the company.

“Our international mission will enable critical technology demonstrations that lay the groundwork for lasting operations on the Moon. Longer term, our Blue Ghost landers and Elytra orbiters are well equipped to support Volta’s larger vision for a lunar power network, and we look forward to seeing the evolution of our collaboration in the years ahead,” said Jason Kim, CEO of Firefly Aerospace.

On November 25, JPMorgan’s Seth Seifman cut his price target on FireFly Aerospace to $28 from $55 but kept an Overweight rating. He cited slower progress in scaling Alpha launches as the main factor behind the stock’s recent weakness. The firm also trimmed its forecasts to account for a more gradual launch schedule and a shift toward a more “company‑funded” path for the Golden Dome program rather than stronger near‑term support from the Department of Defense.

Firefly Aerospace Inc. (NASDAQ:FLY) is a space & defense tech company providing rapid, reliable, and economical access to space with launch vehicles (like the small-lift Alpha rocket), lunar landers (Blue Ghost), and orbital vehicles for government & commercial clients, enabling missions from rapid satellite deployment to Moon landings and beyond.