Virgin Galactic soars 23% as analysts raise stock ratings

Richard Branson. Picture: BLOOMBERG/CHRIS RATCLIFFEVirgin Galactic surged the most in more than five months on Monday after analysts turned bullish on the aerospace company partly by its potential to tap into unprecedented demand for space tourism.

Shares of Virgin Galactic rose as much as 23% to $20.27 in New York trading, the highest in almost eight weeks. They have advanced 72% in 2020. Along with plans to start serving customers early in 2021, Epstein said the company’s growth potential is “unparalleled”. Still it faces risks, with only two completed missions to space so far, and any setbacks or accidents could compromise the business model.

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