MORGAN STANLEY: "We decrease our price target from $25 to $17 as we no longer assume Inspire will be built .. We also see potential downward pressure for the stock as the lock-up period ends October 25th. We reiterate our Underweight rating." $SPCE
@carlquintanilla Yet this is the same analyst who had this major PT and report on the company a year ago with a $60 PT
@carlquintanilla @SciGuySpace Wait until Leto throttles availability demand is likely to push up the price. The spice must flow.
@carlquintanilla Its a space tourist company. The valuation is absurd. Real stuff is happening at Virgin Orbit where they are actually launching stuff.
@carlquintanilla Carl - the bear case is $1
@carlquintanilla Carl - the bear case is $1
@carlquintanilla “we no longer assume”, is neither a technical or fundamental analysis of a company’s stock. Hence, their price target is irrelevant.
@carlquintanilla @SciGuySpace Virgin Galactic SpaceShip III VSS Inspire?