Virgin Galactic (SPCE) Stock Faces Fresh Sell Rating Despite $750K Ticket Launch

Key Takeaways

• Wall Street Zen shifted its SPCE rating from “hold” to “sell” on April 4, 2026
• Shares currently trade near $2.43, while the analyst consensus price target stands at $3.45
• Virgin Galactic has resumed accepting reservations at $750,000 per seat for Delta Class flights
• First quarter earnings showed a loss per share of ($0.98), surpassing expectations, though revenue of $0.31 million fell short of projections
• Jefferies lowered its price objective from $8.00 to $5.00 while maintaining a “buy” stance, pointing to cash flow timing issues

Virgin Galactic (SPCE) stock began Friday’s session at $2.43, declining 1.4% during trading.

Virgin Galactic Holdings, Inc., SPCE

Wall Street Zen revised its outlook on SPCE from “hold” to “sell” on April 4, 2026. This shift reinforces a generally bearish analyst sentiment, with MarketBeat reporting a consensus rating of “Reduce” and a mean price target of $3.45.

Morgan Stanley maintains an “underweight” stance with a $2.30 price objective. Weiss Ratings similarly assigns a “sell” grade. Among six tracked analysts, one recommends buying, three suggest holding, and two advise selling.

Jefferies reduced its price forecast from $8.00 to $5.00 recently, while retaining its “buy” recommendation. The investment firm highlighted cash flow timing uncertainties within the developing space industry.

SPCE has fluctuated between $2.13 and $6.64 over the past 52 weeks. The stock’s 50-day moving average sits at $2.56, with the 200-day average at $3.25. A beta of 2.20 indicates significant volatility compared to broader market movements.

On March 30, Virgin Galactic announced Q1 earnings per share of ($0.98), outperforming the ($1.12) consensus forecast. Revenue reached $0.31 million, missing the anticipated $0.41 million.

Return on equity registers at negative 108.78%, while net margin sits at negative 18,063.93%. The company carries a debt-to-equity ratio of 1.87, though its current ratio of 2.87 indicates sufficient near-term liquidity.

Market capitalization currently stands around $177 million. Wall Street projects full-year earnings per share of ($16.05) for the ongoing fiscal period.

Fresh Reservations for Next-Generation Spacecraft

Coinciding with the rating downgrades, Virgin Galactic reopened its reservation system for flights aboard the upcoming Delta Class vehicle. Tickets now cost $750,000 per person — a $150,000 increase from the $600,000 price point in 2023.

The Delta Class accommodates six passengers, representing a two-seat capacity boost over previous models. Virgin Galactic plans to conduct test flights this summer, followed by commercial operations launching in the fall. Research missions will precede passenger journeys by six to eight weeks.

The initial offering includes 50 available seats before the company temporarily closes bookings. CEO Michael Colglazier indicated that future pricing rounds will feature higher rates, though specific amounts remain undisclosed.

Additionally, a queue of 675 “founding astronauts” — early customers who secured spots with deposits years earlier — will board flights at discounted rates compared to new purchasers.

Ambitious Monthly Flight Goals

Virgin Galactic’s most recent commercial mission, Galactic 07, took place on June 8, 2024. That flight marked the final journey of VSS Unity, the organization’s inaugural spacecraft.

Colglazier has established an ambitious goal of conducting 10 flights monthly by 2027, which would transport approximately 60 passengers each month. Achieving this frequency hinges on successful summer testing of the Delta Class vehicle.

Institutional investors control 46.62% of SPCE shares. Multiple funds expanded their holdings in recent quarters, with Truist Financial Corp boosting its position by 78.2% during Q4.

Susquehanna established a $3.50 price target in January 2026.

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