The average SPAC in 2020 has raised $327 million.Nikola got its second rating from a Wall Street analyst on Monday, with a price target that implies a plunge for the stock. He said Virgin Galactic remains "thematically attractive" because it is the only way investors may gain pure-play exposure to human spaceflight, or any exposure to space tourism.
"We are incrementally positive on the [Virgin Galactic] story post our call, which focused on recent Space Act agreement with NASA and what sounds like good progress toward commercialization at the core suborbital space tourism business, even in this unprecedented environment," Genovesi wrote in a note to clients. So far in 2020, new listings of such vehicles have raised $12.1 billion.Virgin Atlantic is talking to Deutsche Bank and other institutions about raising more than $900 million to help the airline weather the plunge in demand due to the pandemic. "We continue to view [Virgin Galactic] as thematically attractive as it is the only means by which a public equity investor may gain pure-play exposure to human spaceflight or ANY exposure to space tourism while [Virgin's] financial targets are also very attractive if achievable and recent progress helps bolster our confidence in its ability to deliver." Their forecasts range from $22.00 to $29.00. Log in to see them here or sign up to get started.Create a list of the investments you want to track.Visit a quote page and your recently viewed tickers will be displayed here.“Blank-check companies” give investors an opportunity to ride along with deal makers like Bill Ackman looking to bring new businesses publicAckman’s Pershing Square Tontine Holdings breaks many of the rules traditionally used for special purpose acquisition vehicles, or SPACs.SpaceX’s unique technology makes the company difficult to value. See what's happening in the market right now with MarketBeat's real-time news feed. Alembic analyst Pete Skibitski launched coverage of the space-tourism start- up with the equivalent of a Buy rating and a $23 price target. Barron’s also says there are four analysts on the Street covering SPCE stock, with an average target price of $24.50.
The lighter blue line represents the stock's consensus price target. The dark blue line represents the company's actual price. 4 brokers have issued 1-year price objectives for Virgin Galactic's stock.
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The company will offer an update on the results of the second glide flight of SpaceShip Two, which will enable the team to evaluate systems and vehicle performance in advance of rocket-powered space flights from a new operating base in New Mexico. View which stocks are hot on social media with MarketBeat's trending stocks report.Identify stocks that meet your criteria using seven unique stock screeners. Learn about financial terms, types of investments, trading strategies and more.MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus rating of "Buy." 13, 2020 at 2:33 p.m. IPO investors appear to be on board with the terms for a $4 billion blank-check company.
Their average twelve-month price target is $25.00, suggesting that the stock has a possible upside of 11.36%. © 2020 Market data provided is at least 10-minutes delayed and hosted by What price target have analysts set for SPCE? …
Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. So far, the market seems to … Genovesi kept his rating at buy and his stock price target at $29, which is about 36% above current levels. It designs spaceships which can fly anyone to space safely without the need for expertise or exhaustive time consuming training.
"[CEO] transition is clear indication of the company's evolving priorities as development of its core suborbital spaceflight capability seems to be wrapping up, and its focus shifting from engineering to marketing," Genovesi wrote in a note to clients. View our full suite of financial calendars and market data tables, all for free.Receive a free world-class investing education from MarketBeat. Blank-check companies are on pace to smash last year’s record for IPOs. Genovesi kept his stock price target at $29, which is 89% above current levels. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy).
Virgin Galactic shares rose 4.6% in after-hours activity, following a 0.7% rise to close at $18.55 in the regular session. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus rating of "Buy."
Virgin Galactic Holdings Inc. analyst ratings, historical stock prices, earnings estimates & actuals.
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