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Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more. MarketBeat’s community ratings are surveys of what our community members think about and other stocks. Vote \u201cOutperform\u201d if you believe SPCE will outperform the S&P 500 over the long term. Vote \u201cUnderperform\u201d if you believe SPCE will underperform the S&P 500 over the long term.<\/p>\n
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According to analysts’ consensus price target of $21.08, spce news<\/a> has a forecasted upside of 153.0% from its current price of $8.33. MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. In the past three months, Virgin Galactic insiders have not sold or bought any company stock. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. This article represents the opinion of the writer, who may disagree with the \u201cofficial\u201d recommendation position of a Motley Fool premium advisory service.<\/p>\n This suggests a possible upside of 156.1% from the stock’s current price. View analysts’ price targets for https:\/\/dotbig.com\/markets\/stocks\/SPCE\/<\/a> or view top-rated stocks among Wall Street analysts.<\/p>\n<\/p>\n The company serves private individuals, researchers, and government agencies. spce stock<\/a> Holdings, Inc. was founded in 2017 is headquartered in Las Cruces, New Mexico. Virgin Galactic Holdings, Inc. was a former subsidiary of Virgin Orbit Holdings, Inc. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. What’s more, the analyst’s new price target — $10 a share — is actually above the $9.20 or so price at which Virgin Galactic trades today.<\/p>\n Furthermore, Bernstein still believes that there are "few clear upside catalysts" to lift https:\/\/dotbig.com\/markets\/stocks\/SPCE\/<\/a> stock substantially higher in the near term. Indeed, investors might have to wait as long as 2027 to see meaningful gains, because Virgin Galactic needs to finish developing its Delta class space planes in order to have a chance of breaking even on a cash-flow basis. Well, despite cutting its price target so steeply, Bernstein didn’t actually downgrade Virgin Galactic stock, leaving it rated market perform, the equivalent of a neutral rating. Appeared to take a punch when analysts at investment bank Bernstein cut their price target on the space tourism pioneer by more than half — from $22 all the way down to $10.<\/p>\n Questioning an investing thesis \u2013 even one of our own \u2013 helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. That being said, it’s not all unicorns and rainbows at https:\/\/www.britannica.com\/topic\/Bank-of-the-United-States<\/a>. Early warning notwithstanding, the quickness of this cash raise seems to have taken the analyst by surprise, and indicated "that near-term cash requirements are greater than expected." \u00a9 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.<\/p>\n So, far from considering the stock overpriced, Bernstein actually sees Virgin stock as priced at an 8% discount to its true value. Founded in 1993 by brothers Tom and David Gardner, DotBig<\/a> The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.<\/p>\nPrice<\/h2>\n<\/p>\n
A Banker Cuts Its Price Target, And Virgin Galactic’s Stock Price Goes Up What?<\/h3>\n<\/p>\n
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