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Virgin Galactic Holdings Inc (NYSE: SPCE) had a strong move on Monday after a successful test flight to space over the weekend. An analyst sized up the timeline for the company and what’s ahead.
The Virgin Galactic Analyst: Morgan Stanley analyst Kristine T. Liwag maintained an Equal Weight rating on Virgin Galactic Holdings
and lowered the price target from $30 to $25.
The Virgin Galactic Takeaways: After a successful flight over the weekend, Liwag pointed out the delays the company had in the past and how it could affect the future of Virgin Galactic.
The flight over the weekend was called a “critical milestone” for the company but comes as the company still has risks.