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What is Wall Street's Target Price for Virgin Galactic Holdings Inc (SPCE) Stock Friday?

Friday, July 01, 2022 12:21 PM | InvestorsObserver Analysts
What is Wall Street's Target Price for Virgin Galactic Holdings Inc (SPCE) Stock Friday?

Analysts who follow Virgin Galactic Holdings Inc (SPCE) on average expect it to increase 60.77% over the next twelve months. Those same analysts give the stock an average rating of Hold. That average rating earns the stock an Analyst Ranking of 4, which means it ranks higher than 4 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 2.8
Wall Street analysts are rating SPCE a Hold today. Find out what this means to you and get the rest of the rankings on SPCE!

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Virgin Galactic Holdings Inc Stock Today?

Virgin Galactic Holdings Inc (SPCE) stock is trading at $6.22 as of 12:19 PM on Friday, Jul 1, a rise of $0.20, or 3.32% from the previous closing price of $6.02. The stock has traded between $6.03 and $6.32 so far today. Volume today is low. So far 2,606,582 shares have traded compared to average volume of 9,128,516 shares. Click Here to get the full Stock Report for Virgin Galactic Holdings Inc stock.

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