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Firefly Aerospace Inc. (NASDAQ:FLY) is one of the 10 Best New Stocks to Buy Other Than SpaceX.

On June 26, 2026, Jefferies analyst Sheila Kahyaoglu said Firefly Aerospace Inc. (NASDAQ:FLY) will acquire Space-ng to integrate its AI vision-based autonomous navigation and optical guidance systems across the Blue Ghost lander and Elytra orbital vehicle programs. Kahyaoglu said the acquisition will strengthen GPS-independent navigation and in-house mission software capabilities. Jefferies has a Buy rating and $52 price target on Firefly Aerospace shares.

On June 15, KeyBanc upgraded Firefly Aerospace to Overweight from Sector Weight with a $50 price target. Following the SpaceX initial public offering-related selloff, KeyBanc said it sees "compelling opportunities" across the rapidly growing space sector. The firm said NASA activity is accelerating at a pace not seen since the Apollo era, and launch supply remains "structurally constrained amid exponential growth" in satellites and space-based applications. KeyBanc said it favors "well-capitalized" commercial space companies with exposure to national security and NASA priorities, and upgraded both Rocket Lab and Firefly Aerospace to Overweight.

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Firefly Aerospace Inc. (NASDAQ:FLY) operates as a space and defense technology company and provides mission solutions for national security, government, and commercial customers in the United States.

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.

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