Virgin Galactic shares to soar 50% as space tourism becomes $3 billion market, UBS says

Virgin Galactic's spacecraft Unity flies to its new home in at Spaceport America in New Mexico on Feb. 13, 2020.on Monday with a buy rating, saying it expects the space tourism company's stock to climb more than 56% in the next one year.

"We see Virgin Galactic as the only way for consumers to gain entry into the ~560 member astronaut club in the next 5 years. There will be competitors, but the curation of the VG product from marketing to life-long brand connection, in addition to an operating model supporting a uniquely high flight-rate, separates the VG experience from the others," UBS analyst Myles Walton said in a note to investors.

UBS also expects Virgin Galactic's annual sales of tickets for rides to the edge of space will be quadrupling within just a few years of the company beginning commercial services, with a compound annual growth rate of 300% through 2024. Shares of Virgin Galactic rose about 7% in trading from its previous close of $15.92. ,So far this year Virgin Galactic's stock is up 45%.

Pro Mkt cap higher than cited addressable mkt size in your story- assume he’s not including sub orbital travel but hopefully you get the point...

Pro

Pro Is the 50% a guarantee on forward looking assurances or does the government underwrite this, or what?

Pro Hahahahahahahahaha Errrrr Hahahahahahahahahhaha PERMABULLSHIT

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Warren Buffett Is Betting on Japanese Stocks. Here’s How You Can Too.His $6 billion investment highlights the opportunities to be found in an inexpensive Japanese stock market. Warren is comfortable with how Japan controls it’s media and doesn’t talk about how it treats the world’s whales and dolphins Business as usual. China is a better bet. wonder why
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »