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Why Virgin Galactic Stock Soared Today

TheMotleyFool

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Shares of Virgin Galactic Holdings (NYSE: SPCE) surged 9% on Tuesday following bullish analyst commentary.

Jefferies analyst Greg Konrad placed a buy rating and a $33 price forecast on the space tourism pioneer's stock. If he's correct, investors could enjoy gains of roughly 22% from the stock's current price near $27.

A surprisingly high number of people say they're willing to pay hefty sums to travel to space. Image source: Getty Images.

Source Fool.com

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