Virgin Orbit (NASDAQ:VORB – Get Rating) had its price target dropped by equities research analysts at Canaccord Genuity Group from $20.00 to $12.00 in a report released on Thursday, The Fly reports. Canaccord Genuity Group’s target price would indicate a potential upside of 248.84% from the company’s previous close.
Separately, Canaccord Genuity Group began coverage on Virgin Orbit in a report on Monday, February 28th. They issued a “buy” rating and a $20.00 price objective on the stock.
Shares of VORB stock traded down $0.57 during mid-day trading on Thursday, reaching $3.44. The stock had a trading volume of 1,464 shares, compared to its average volume of 708,494. The business has a fifty day moving average of $6.26. Virgin Orbit has a 1-year low of $3.92 and a 1-year high of $11.28.
Virgin Orbit Company Profile (Get Rating)
Virgin Orbit Holdings, Inc designs and develops launch solutions for small satellites. It offers launch services for national security and defense; rideshare satellite launch services; civil spaceports; and space solutions. The company is headquartered in Long Beach, California. Virgin Orbit Holdings, Inc is a subsidiary of Vieco 10 Ltd.
- Get a free copy of the StockNews.com research report on Virgin Orbit (VORB)
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