Wall Street Analyst Says Virgin Galactic Hype Already Priced In

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Wall Street Analyst Says Virgin Galactic Hype Already Priced In

FX Empire2021-07-01

It’s not easy being a meme stock these days. Just ask Virgin Galatic. After rallying nearly 40% last Friday to its best price since early 2021, the stock has a target on its back and Wall Street is ...

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Tre76
·2021-07-01
Great
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LeonardKSW
·2021-07-01
Stupid guy
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elvinfu
·2021-07-01
?
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1
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LWayne
·2021-07-01
Think more potential than tesla
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- Xutt:
  Hopefully
  2021-07-01
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ShuJie
·2021-07-01
Meme stocks
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1
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- HMian:
  [Cool]
  2021-07-02
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- HMian:
  Meme
  2021-07-01
  Reply
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Tunaaa
·2021-07-01
Pls like ?
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2
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peakaboo
·2021-07-01
Nice
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5
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- pshiqi:
  commented
  2021-07-01
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- Huat899:
  Pls like and comment back, thanks
  2021-07-01
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TeenPopZ
·2021-07-01
Ok
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4
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- KYY:
  Right
  2021-07-01
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- Huat899:
  Pls like and comment back, thanks
  2021-07-01
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HH浩
·2021-07-01
Future biz… pls like and comment
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5
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- HH浩:
  Done
  2021-07-01
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- TeenPopZ:
  Ok
  2021-07-01
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- T20211126001:
  Yes
  2021-07-01
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Patrula
·2021-07-01
Thanks
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7
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- Patrula:
  Thank you
  2021-07-01
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- Huat899:
  Pls like and comment back, thanks
  2021-07-01
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Max228
·2021-07-01
wow
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4
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- Max228:
  ok
  2021-07-01
  Reply
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- Huat899:
  Pls like and comment back, thanks
  2021-07-01
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Jacqueslim
·2021-07-01
Wow
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- Huat899:
  Pls like and comment back, thanks
  2021-07-01
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ryanlow
·2021-07-01
wow
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3
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WDnemo
·2021-07-01
Got potential but this price is way over...
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KCtan1688
·2021-07-01
Why no update
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- ryanlow:
  wow
  2021-07-01
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KCtan1688
·2021-07-01
Why no update
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2
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AdrinaChow
·2021-07-01
Like and Comment pls
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- trashbin:
  Ok
  2021-07-01
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- AdrinaChow:
  done
  2021-07-01
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- hkwan:
  done
  pls likeand comment back tq
  2021-07-01
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1Man2Stonks
·2021-07-01
No way
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wangwang93
·2021-07-01
Like and comment please
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4
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- PYCHUA:
  ?
  2021-07-01
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SeanSak
·2021-07-01
Like n comment
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- PYCHUA:
  ?
  2021-07-01
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Just ask Virgin Galatic. After rallying nearly 40% last Friday to its best price since early 2021, the stock has a target on its back and Wall Street is ...</p>\n\n<a href=\"https://finance.yahoo.com/news/wall-street-analyst-says-virgin-181347187.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SPCE","symbol_name":"维珍银河","start_time":0,"source_url":"https://finance.yahoo.com/news/wall-street-analyst-says-virgin-181347187.html","article_id":"2148112845","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2148112845","pubTimestamp":1625097827,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"It’s not easy being a meme stock these days. Just ask Virgin Galatic. 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That would mean that last Friday’s rally was the encore before the spacecraft left even the earth with passengers.\nMeme stocks tend to trade on social media sentiment instead of fundamentals, but the downward notches have taken a toll. The stock is down 1.5% today, extending yesterday’s sell-off.\n\nNo Backpedaling\nBank of America is the second Wall Street firm to lower its rating on Virgin Galactic since the company received regulatory approval for passenger flights to suborbital space. Alembic Global’s Pete Skibitski in recent days lowered his rating on the stock from overweight to neutral, blaming a valuation that has “now stretched to excess levels.” The same could be said for the entire meme stock category.\nAnd while the analyst didn’t backpedal, he did leave room to change his mind when Branson’s rocket takes flight, which will most likely be this summer. Skibitski reportedly acknowledged that the trip could be a potential driver of the stock price, suggesting that there might be more runway for gains.\nBillionaire Battle\nThe price turnaround could come sooner than analysts think. Billionaires are a competitive bunch, and Jeff Bezos, who is behind space tourism company Blue Origin, has already slated his flight to take place on July 20. According to reports, Branson is now eyeing liftoff on the weekend of July 4 to beat his rival to the punch. Retail investors on the WallStreetBets forum aren’t expecting Branson to rush his plans.\nInvestors who are in SPCE for the long term don’t appear to be too worried about the recent profit-taking. In the meantime, Virgin Galactic is sitting on USD 600 million in cash, though it burns through that quickly, given the company’s lofty mission. Morgan Stanley analysts don’t expect Branson’s company to produce positive free cash flow for another seven years even in the best of scenarios. 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