TD Cowen Maintains Buy Rating on Virgin Galactic with $4.50 Price Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 31 2026
0mins
Should l Buy SPCE?
TD Cowen believes the most notable takeaway from Virgin Galactic's Q4 report is its target for positive quarterly cash flow in fiscal 2027. TD left the earnings call with improved visibility into Virgin's path to commercial execution as the company transitions from the build phase into a test-driven execution phase for its Delta Class program. The firm views the Q4 report as largely in line with expectations and keeps a Buy rating on the shares with a $4.50 price target. Virgin Galactic in morning trading is up 21%, or 45c, to $2.62.
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Analyst Views on SPCE
Wall Street analysts forecast SPCE stock price to rise
4 Analyst Rating
1 Buy
2 Hold
1 Sell
Hold
Current: 2.970
Low
2.30
Averages
3.43
High
4.50
Current: 2.970
Low
2.30
Averages
3.43
High
4.50
About SPCE
Virgin Galactic Holdings, Inc. is an aerospace and space travel company, which offers access to space for private individuals, researchers, and government agencies. The Company’s operations include design and development, manufacturing, ground and flight testing, and post-flight maintenance of its spaceflight system vehicles. The Company has developed a portfolio of proprietary technologies that are embodied in the specialized vehicles that it has created to enable commercial spaceflight. These technologies underpin its carrier aircraft, the mothership; its spaceships; its hybrid rocket motor; and its safety systems. Its Carrier Aircraft-The mothership is a twin-fuselage, custom-built aircraft designed to carry spaceships up to an altitude of approximately 45,000 feet, where the spaceship is released for its flight into space. Its Virgin Galactic spaceships are reusable with the capacity to carry pilots and private astronauts, research experiments and researchers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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