SPCE Has Been Given A Price Target Of $27

spce

Quite a few analysts working at Sanford C. Bernstein have started covering the stocks of SPCE. Currently, the company has a rating of “market perform” with a price target set at $27. The price target set by the brokerage firm is indicative of an annual growth rate of about 15.58%. 

The Stock Commentary Of SPCE

There have been quite a few research equities that have commented on the stocks of SPCE. Truist Securities has already given the company a rating of buy along with a price target of $50 in a 22nd March research report. Cowen has also increased the price target of the company from $22 to $30 along with a rating of outperform in a 21st December research report.

Alembic Global Advisors had also reduced the rating of the company to neutral along with a price target of $39 in a 26th February research report. The Bank of America also increased the price target of the company from $35 to $50 with a rating of buy in a 9th March research report. In the end, Susquehanna Bancshares reduced the rating of the company from positive to neutral in a 19th January research note. 

One of the analysts has already given the stocks of the firm a rating of sell, while six others have given it a rating of hold. Around six analysts have assigned the company a rating of buy. Currently, SPCE has a price target set at $34, along with a hold rating.

The stocks of SPCE traded on Monday at $23.36. The moving average price of the company over 50 days is $31.21, with the moving average price of the company over 200 days set at $29.82. The market cap of the company is $5.54 billion, with a -17.83 PE ratio, along with a 0.80 beta. The year low of the company is $14.21, with a year high set at $62.80. 

SPCE did post their previous quarterly results on the 25th of February. The EPS reported by the company for the quarter was $0.31 which was similar to the consensus set by Zacks at $0.31.