In a report released on August 30, Michael Ciarmoli from Truist Financial maintained a Sell rating on Virgin Galactic Holdings (SPCE – Research Report), with a price target of $3.00. The company’s shares closed last Friday at $2.58.
Ciarmoli covers the Industrials sector, focusing on stocks such as Leonardo Drs, Moog, and Ducommun. According to TipRanks, Ciarmoli has an average return of 10.8% and a 62.04% success rate on recommended stocks.
Currently, the analyst consensus on Virgin Galactic Holdings is a Moderate Sell with an average price target of $3.50.
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The company has a one-year high of $6.61 and a one-year low of $2.46. Currently, Virgin Galactic Holdings has an average volume of 24.17M.
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Virgin Galactic Holdings Inc is a United States-based vertically-integrated aerospace company pioneering human spaceflight for private individuals & researchers, and it also manufactures advanced air and space vehicles. Using its technologies, it is developing a spaceflight system designed to offer its customers a unique, multi-day, and transformative experience. This culminates in a spaceflight that includes views of Earth from space and several minutes of weightlessness that will launch from Spaceport America, New Mexico.
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- Virgin Galactic announces completion of first private astronaut flight
