+ 0.43
+ 0.13%
+ 1.17
+ 0.72%

Will Virgin Galactic Stock Reach $50 By 2022?

January 8, 2021 1:00 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Will Virgin Galactic Stock Reach $50 By 2022?

Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.

We surveyed a group of over 600 investors on whether shares of Virgin Galactic (NYSE:SPCE) will reach $50 by 2022.

What Is Virgin Galactic?

Virgin Galactic is a vertically integrated aerospace company, pioneering human spaceflight for private individuals and researchers, as well as a manufacturer of advanced air and space vehicles.

Using its proprietary and reusable technologies Virgin is developing a spaceflight system designed to offer customers a unique, multi-day space travel experience.

Virgin envisions offering the general public a spaceflight that includes views of Earth from space and several minutes of weightlessness. Spaceflights will launch from Spaceport America, New Mexico.

Virgin Galactic Stock Forecast

The spaceflight company finished 2020 at $23.70 per share and trade just above $25 at time of publication.

About 61% of Benzinga traders believe Virgin Galactic will reach $50 per share by 2022.

Sentiment from many respondents cited both a distinct lack of competition in the space tourism industry, Virgin being a first mover in providing publicly available space travel experiences and the company’s leadership in jet propulsion tech as the reasons why Virgin Galactic will reach $50 over the next year.

Respondents had marked confidence Sir Richard Branson, the co-founder of Virgin Galactic, is a master of marketing who will re-imagine the space travel business in a similar manner to his current ventures in airline travel with Virgin Atlantic, cruise line travel in Virgin Voyages and other consumer discretionary brands under the Virgin umbrella.

This survey was conducted by Benzinga in January 2021 and included the responses of a diverse population of adults 18 or older.

Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from over 600 adults.

Related Articles

7 Stocks That Fit Cathie Wood's Big Ideas 2021, Could Be Added To Ark ETFs

Ark Funds held its annual Big Ideas event recently and shared 15 themes to watch for 2021 and the future. read more

Benzinga's Weekly Bulls And Bears: GameStop, Intel, Lyft, Tilray, Twitter And More

Benzinga has examined the prospects for many investor favorite stocks over the past week. The week's bullish calls included a social media leader, a ride-sharing play and an unloved apparel stock. read more

AMC, National Beverage And 8 More Heavily-Shorted Stocks To Watch

The rise in GameStop Corp (NYSE: GME) has been one of the hottest stories of the year. The move comes as retail traders on Reddit, Robinhood and elsewhere are searching for stocks with large short percentages. read more

Is Now The Time To Buy Stock In GameStop, Virgin Galactic Or Alibaba?

One of the most common questions traders have about stocks is “Why Is It Moving?” That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why that stock is moving. Here’s why shares of GameStop, Virgin Galactic and Alibaba are moving. read more