Virgin Galactic stock price forecast for 2023 and beyond
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Our investment experts have compiled the latest Virgin Galactic stock price forecasts from some of the world’s biggest banks and funds. Use this guide to learn more about the company and what its future value might be, according to the experts.
SPCE stock forecast & price target
The general consensus among Wall Street analysts is to hold Virgin Galactic stock. It has an average price target of $3.00 and most investment analysts have given it a hold rating. Below is the latest Virgin Galactic stock forecast, including the average, highest, and lowest price target.
| Stock | Average price target | Highest target | Lowest target | Majority guidance |
|---|---|---|---|---|
| Virgin Galactic(NYSE:SPCE) | $3 | $11 | $2 | Hold |
Short term SPCE forecast
The short term SPCE forecasts expect the stock to drop in value, although there are some analysts who are anticipating higher prices. The average Virgin Galactic price prediction is $3.00, which would put it at its lowest ever price. Below are year specific price predictions for SPCE stock for the short term.
Virgin Galactic stock price prediction 2023
In 2023, Virgin Galactic will be worth $3, which is the average prediction among 13 analysts from some of Wall Streets’ biggest banks and funds. At the start of the year’s second quarter, SPCE briefly traded below $3 for the first time in its history and is expected to settle at that price by the end of the year.
Virgin Galactic stock price prediction 2024
By 2024, SPCE stock is predicted to be worth $4, which is what analysts at Morgan Stanley and Bernstein have forecast. Many analysts have recently downgraded their ratings, with some cutting by more than 50%, suggesting not everyone on Wall Street expects Virgin Galactic to perform in the short term.
Long term SPCE forecast
Some experts believe Virgin Galactic will reach all time highs at some point in its future and get back to levels it was accustomed to in the early part of the decade. Whether or not it gets there mostly depends on its ability to offer commercial spaceflights, which is still has not been able to do. Here’s a look at long term SPCE price predictions.
Virgin Galactic price prediction 2025
By the midpoint of the decade, Virgin Galactic will be worth between $6 – $10. Some experts, such as analysts at Canaccord Genuity and Truist Securities, expect a value of $8 as we move into the second half of the decade.
Virgin Galactic price prediction 2030
By 2030, Virgin Galactic could be worth over $60 per share, putting it above its all time high. At the same time, it could be worth next to nothing if it follows the same road as its sister company, Virgin Orbit, which collapsed in 2023.
Compare the best places to buy Virgin Galactic stock
Use any of the platforms below to buy Virgin Galactic stock. These brokers are our expertly selected recommendations and at the best places to buy SPCE stock for both beginners and experienced investors. Click on any of the buttons to open an account in just a few minutes.
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What affects the price of SPCE?
There are lots of factors that affect the price of SPCE stock. It’s a space tourism company which is currently in the testing phase, which means its share price is directly related to the success or failure of test flights. Here’s a look at a few other factors that affect the price of Virgin Galactic stock.
- Space tourism. Virgin Galactic is a space tourism company and any news related to successful test flights or significant developments in the industry can positively impact its share price. The same can be said for delays or setbacks, which may lead to a drop in its value.
- Competition. Virgin Galactic is not the only player in the space tourism industry. Blue Origin and SpaceX are just two others developing their own space tourism businesses. Any news related to these competitors, such as major breakthroughs or successful test flights, can impact investor confidence in Virgin Galactic and lead to a drop in the stock price.
- Regulations. Regulatory approvals greatly influence Virgin Galactic’s ability to offer commercial space flights. New regulatory approvals can help its stock move higher, while regulatory hurdles it cannot get over can push its price lower.
- Safety concerns. Virgin Galactic’s stock price is also influenced by public perception of the company and its space tourism business. Any news related to safety concerns or accidents during test flights can negatively impact investor confidence and lead to a drop in the stock price.
How has the Virgin Galactic price changed over time?
Its first couple of years of trading started off well and its share price rose nearly 500% in 2020 and early 2021. Since then, it has been a different story and SPCE stock was in free fall for much of 2021 and 2022, falling approximately 95% to its lowest price ever. The start of 2023 was bullish, although that was short-lived and its stock once again dropped to all time lows.
What should I do now?
Now that you know what the experts predict for the company, you may want to buy some for yourself. Check out our guide on how to buy Virgin Galactic stock and view the comparison table above to find the best platforms you can use. It’s also good to stay informed with the latest news and developments, which you can do on any of the links below.
Latest Virgin Galactic news
More stock price predictions
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