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Research Alert: CFRA Maintains Sell Opinion On Shares Of Virgin Galactic Holdings, Inc.
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Research Alert: CFRA Maintains Sell Opinion On Shares Of Virgin Galactic Holdings, Inc.
Apr 7, 2026 12:05 PM

02:40 PM EDT, 04/07/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We trim our 12-month target by $0.50 to $2.50, applying an EV/sales multiple of 0.8x to our 2027 estimate. We move our 2026 loss estimate to $3.17 from $5.11 and set 2027's at $0.36. A going concern disclosure was included in the 10-K filing, reflecting concerns about its ability to meet its financial obligations over the next 12 months given current cash and spending projections, and not accounting for expected cash inflows from future spaceflights or potential ATM capital inflows. Debt maturity remains a concern, though partially addressed by capital realignment transactions that pushed most maturity into 2028. However, these transactions required issuing new notes and warrants, which could pose future financial obligations and dilution risk. SPCE faces ongoing operational risks, including the uncertainties and challenges inherent in ramping up flight cadence, such as weather, vehicle readiness, and scaling operational teams. These factors could impact the timeline and economics of commercial service.

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