Analyst Ratings For Virgin Galactic Hldgs
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed ratings for Virgin Galactic Holdings (NYSE:SPCE), with a recent shift towards more bearish sentiments. The average 12-month price target has decreased by 15.89%, with a high estimate of $61.00 and a low of $5.00. Analysts from Morgan Stanley, Goldman Sachs, and Susquehanna have adjusted their ratings and price targets, reflecting changing market conditions and company performance. Despite a significant revenue growth rate of 125.55%, Virgin Galactic faces challenges with negative net margins, ROE, and ROA, as well as a high debt-to-equity ratio.
September 17, 2024 | 1:00 pm
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Virgin Galactic Holdings (NYSE:SPCE) has received mixed analyst ratings, with a recent trend towards bearish views. The average 12-month price target has decreased by 15.89%, indicating lowered expectations. Despite strong revenue growth, the company faces challenges with negative profitability metrics and high debt levels.
The recent analyst ratings for SPCE show a shift towards bearish sentiments, with a decrease in the average price target by 15.89%. This suggests that analysts have lowered their expectations for the company's future performance. Despite a significant revenue growth rate, the company's negative net margins, ROE, and ROA, along with a high debt-to-equity ratio, indicate financial challenges. These factors are likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100