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SpaceX Just Stole the Space Tourism Market From Virgin Galactic and Blue Origin
Virgin Galactic fell more than 2% before the US stock market opened, and was downgraded by Morgan Stanley with a target price of $5.
Gelonghui, September 18th | Virgin Galactic (SPCE.US) fell 2.44% to $6.8 before market open. In terms of news, Morgan Stanley analyst Kristine Liwag maintains a sell rating on Virgin Galactic and lowers the target price from $35 to $5. Morgan Stanley states that the company has not conducted a flight since June 2024 and expects to resume revenue-generating commercial flights around 2026, depending on the success of its new Delta-class spacecraft.
Morgan Stanley Sees More Downside for Virgin Galactic Stock, Slashes Price Target
Virgin Galactic Is Maintained at Underweight by Morgan Stanley
Virgin Galactic Lands a $5 Price Target From Morgan Stanley Due to Lack of Near-term Catalysts