In-Depth Examination Of 4 Analyst Recommendations For Virgin Galactic Hldgs
Portfolio Pulse from Benzinga Insights
Virgin Galactic Holdings (NYSE:SPCE) has been the subject of 4 analyst ratings in the last three months, showing a shift towards a more bearish outlook with 2 indifferent and 2 somewhat bearish ratings. The average 12-month price target has been lowered to $1.21 from $1.94, indicating a 37.63% decline in expectations. Analysts from Wells Fargo, Susquehanna, and Truist Securities have adjusted their price targets and ratings, reflecting concerns over the company's market performance and financial health.
May 09, 2024 | 8:00 pm
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Virgin Galactic Holdings sees a bearish shift in analyst sentiment, with a significant reduction in the average 12-month price target and adjustments in ratings by key financial analysts.
The reduction in the average 12-month price target by 37.63% and the adjustments in ratings by analysts from reputable firms such as Wells Fargo, Susquehanna, and Truist Securities indicate a bearish outlook for SPCE. This sentiment is likely driven by concerns over the company's financial health and market performance, as indicated by the detailed financial analysis in the article. The bearish shift in analyst sentiment can lead to decreased investor confidence and potentially lower stock prices in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100