Firefly Aerospace Inc. (FLY) ranks among the top 10 American defense stocks recommended by Wall Street analysts. On January 20, Goldman Sachs raised its price target on FLY to $32 with a Neutral rating, citing positive conditions for aerospace OEMs and growth in defense hardware.

Morgan Stanley also increased its price target on FLY to $33 on January 16, ahead of the Flight 7 mission. Analysts anticipate a 62.22% upside in FLY’s share price. With its recent IPO, 22 hedge funds hold stakes in the company, which provides space and defense solutions.

While FLY shows promise, other AI stocks may offer higher returns with less risk. For a potentially undervalued AI stock benefiting from tariffs and onshoring trends, consider alternatives. No specific recommendations were disclosed.

Read more at Yahoo Finance: Is Firefly Aerospace Inc. (FLY) the Best American Defense Stock to Buy According to Wall Street Analysts?