Goldman Sachs Maintains Neutral on Virgin Galactic Hldgs, Lowers Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Noah Poponak maintains a Neutral rating on Virgin Galactic Holdings (NYSE:SPCE) and lowers the price target from $53 to $47.
October 10, 2024 | 3:11 pm
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Goldman Sachs has maintained its Neutral rating on Virgin Galactic Holdings but has lowered the price target from $53 to $47, indicating a less optimistic outlook.
The lowering of the price target by Goldman Sachs suggests a less optimistic view on Virgin Galactic's future performance, which could lead to a negative short-term impact on the stock price. The Neutral rating indicates no strong buy or sell recommendation, but the reduced price target reflects potential concerns or adjustments in expectations.
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