WinifredAnn
2021-10-18

$Virgin Galactic(SPCE)$ New bullish comments from Canaccord and they give SPCE a $48 PT. "Canaccord analyst Ken Herbert does not view the Virgin Galactic swap of Unity 23 from before the maintenance phase to after to be significant for Virgin's long time-horizon space tourism plans. The analyst said it will raise VSS Unity's flight readiness to every 4-5 weeks and VMS Eve's endurance to ~100 flights and the company's competitor, Blue Origin, only expects to conduct seven additional flights (at most 28 humans) between now and 2023, ultimately having a negligible impact on the outstanding customer TAM for suborbital space tourism. Herbert maintains his Buy rating and $48 price target on Virgin Galactic shares."

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