Virgin Galactic Stock a Buy on Unique Consumer Experience

Virgin Galactic Stock a Buy on Unique Consumer Experience

Virgin Galactic shares  (SPCE)  on Tuesday rose after UBS analyst Myles Walton began coverage of the space-travel company with a buy rating and a $25 share-price target.

The Las Cruces, N.M., company’s shares recently traded at $16.10, up 1.1%. They’d advanced 38% year to date through Friday.

Virgin Galactic, founded and co-owned by the U.K. entrepreneur Richard Branson, represents the only path for consumers to “gain entry into the 560 member astronaut club in the next five years,” Walton wrote in a commentary cited by The Fly.

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