Goldman says Virgin Galactic has potential, however warns buyers of ‘substantial query marks’
Virgin Galactic’s carrier aircraft releases its spacecraft Unity during a glide flight test.
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Goldman Sachs began coverage of Virgin Galactic on Friday with a neutral rating, making the firm the only one among nine on Wall Street to not recommend the space tourism stock to investors.
“Long-term upside potential could be substantial, if SPCE can capture the space travel and supersonic flight opportunity. But the time to realization of the opportunity is very long, customer adoption and recurrence uncertain, and potential for competition not insignificant,” Goldman Sachs analyst Noah Poponak said in a note to investors.