5 Best Industrial Stocks With More Than 50% Upside

4. Firefly Aerospace Inc. (NASDAQ:FLY)

Firefly Aerospace Inc. (NASDAQ:FLY) is one of the 12 best industrial stocks with more than 50% upside.

On June 25, Firefly Aerospace Inc. (NASDAQ:FLY) revealed its strategic takeover of Space-ng. Ethan Rublee, CEO and Co-Founder of Space-ng, together with the rest of his team, will become a part of Firefly as the chief engineer of the software segment. He will be responsible for the company’s spacecraft software systems.

Upon completion of the transaction, Space-ng will undergo a full integration into the acquiring company. Firefly will maintain the availability of vision-based navigation of Space-ng and autonomous guidance capabilities to commercial clients and government agencies under the brand name of Firefly Aerospace.

Earlier on June 15, KeyBanc upgraded the stock from a Sector Weight to an Overweight rating. Based on a $50 target price, the stock offers almost 106% upside potential at the prevailing level. The firm highlighted that in response to the recent SpaceX IPO related selloff, it sees some attractive opportunities across the fast-growing space industry.

KeyBanc further noted that NASA activity is increasing at its fastest pace since the Apollo era, and launch capacity continues to face structural constraints as demand grows rapidly in space-based applications and satellites. It prefers well-capitalized players within the space, such as Firefly, that are involved in NASA and national security initiatives.

Firefly Aerospace Inc. (NASDAQ:FLY) is a space and defense technology company serving government, national security, and commercial customers. The company offers integrated launch and space services technology. It also offers Ocula, a lunar imaging service alongside software and sensor solutions, and responsive space services.