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Virgin Galactic flies to stardom: Wall Street bets on space tourism

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The actions of Virgin galactic They are living this Monday one of the best days in their history. It has skyrocketed 24.83%. The reason? Several analysts have shown their confidence in the value.

These are the experts from Bank of America and Susquehanna. Both have begun this Monday to follow the price of the value of space tourism and have done it in the best of ways, advising clients to get hold of company titles.

"No company in our coverage universe has comparable growth potential”, The US financial analyst, Ron Epstein, has sentenced the analyst.

The analysts' commitment to space tourism is driving the action of the company that has closed the second best session since being listed on bosa. So far this year their titles are advancing close to 75%. A figure that remains at 42% if the increases of this Monday are discounted.

Despite being a nascent industry, Wall Street experts are betting heavily on Virgin Galactic. "Have a unique business with a leading position in the market (without operational competence) and an experienced management team ", explained the Bank of America analyst.

The novelty of space tourism means that it is not a company that experts pay too much attention to. It currently has seven recommendations in 'FactSet' but there is unanimity in all seven. All the analysts who follow it recommend buying.

Experts believe that its price will take off even more and give it an upward potential of 26% looking forward to the next 12 months. The consensus sets a target price of $ 25.43 while its shares trade around $ 20. Those at Bank of America are more optimistic than the consensus and set a price target of $ 35.

It is not the first time that the market has openly declared its commitment to space tourism. In early June after Elon Musk successfully launched a rocket into space through his company SpaceX Tesla shares soared 7%.

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