Analysts have differing opinions regarding the short term performance of Virgin Galactic’s stock (SPCE) . While some are in anticipation of higher prices the majority of forecasts predict a drop in value . The average price prediction for SPCE is $3 .00 which would mark its lowest price ever . Here are the year-specific predictions for SPCE stock forecast in the short term .
In 2023 analysts from prominent banks and funds expect Virgin Galactic to be worth $3 . This prediction lines up with the stock briefly trading below $3 during the second quarter of the year . It is anticipated that SPCE will stabilize around this price by the end of 2023 .
Moving into 2024 analysts at Morgan Stanley and Bernstein predict SPCE to be valued at $4 . But several analysts have downgraded their ratings . Some even made significant cuts of over 50% . It shows that not all experts on Wall Street have a positive outlook for Virgin Galactic in the short term .
Long-Term Price Predictions for SPCE Stock
Some experts believe that Virgin Galactic has the potential to reach new all-time highs in the future like its early achievements . But realizing this growth largely depends on its ability to offer commercial spaceflights which it has not yet accomplished . Here is a glimpse into the long-term price predictions for SPCE .
Between 2025 and 2030 Virgin Galactic’s stock is expected to be valued between $6 and $10 . Analysts at Canaccord Genuity and Truist Securities expect a value of $8 as we move into the second half of the decade .
Looking further ahead by 2030 some projections suggest that Virgin Galactic could be valued at over $60 per share and surpass its all-time high . There is also the possibility that it may experience a decline similar to its sister company Virgin Orbit which collapsed in 2023 .
Factors Affecting SPCE Stock Price
Several factors influence the price of SPCE stock that extends beyond market dynamics . Understanding these factors can provide insight into the stock’s performance . Here are a few key factors that affect Virgin Galactic’s stock price:
Space Tourism . Positive developments and successful test flights in the space tourism industry can boost investor confidence and increase SPCE’s share price . Conversely delays or setbacks can lead to a decline in value .
Regulations . Regulatory approvals play a crucial role in Virgin Galactic’s ability to offer commercial spaceflights . Favorable regulatory decisions can elevate the stock while regulatory barriers can suppress its price .
Competition . Virgin Galactic faces competition from other companies like Blue Origin and SpaceX in the space tourism sector . News regarding breakthroughs or successful flights from these competitors can impact investor sentiment towards Virgin Galactic and influence its stock price .
Safety Concerns . Public perception of Virgin Galactic’s safety standards and any incidents or accidents during test flights can significantly impact investor confidence and result in a decrease in the stock price .
Final Thoughts
SPCE stock has been through a turbulent journey in recent years with significant fluxes and periods of decline . While short term predictions imply a potential drop in value long term projections suggest a rebound and potential for substantial growth . Investors should closely watch factors like space tourism developments, competition, regulations and safety concerns as these can greatly influence the stock’s performance . As with any investment it is important to make thorough research and consider expert opinions before making decisions about SPCE stock .
