Why Virgin Galactic Stock Surged Today
Shares of Virgin Galactic Holdings (NYSE: SPCE) jumped 9.3% on Tuesday after Swiss multinational investment bank UBS placed a buy rating on the aerospace company's stock.
UBS analyst Myles Walton believes Virgin Galactic's share price could reach $25 in the year ahead. His price forecast represents potential gains for shareholders of more than 40%, compared to the stock's current price near $17.50.
UBS analyst Myles Walton sees plenty of upside for Virgin Galactic's investors. Image source: Virgin Galactic.
Source Fool.com