Morgan Stanley cuts target for Virgin Galactic stock to USD 2.00

Published on 10/06/2026 at 04:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue was USD 134,000 and net loss was USD 55.9 million. Virgin Galactic stock has a USD 392.0 million market cap on October 5, 2026.

SPCE, US92766K4031, Illustration mit AI erstellt.

Virgin Galactic Holdings (ISIN US92766K4031) faces a lower analyst valuation after Morgan Stanley cut its price target from USD 2.05 to USD 2.00 on August 17, 2026, while keeping an Underweight rating, as Boerse Express reported. The revised target puts execution and financing at the center of the Virgin Galactic investment case.

Target cut raises execution pressure

The USD 0.05 reduction is small in absolute terms but meaningful against Virgin Galactic's low share price and continuing development costs. Morgan Stanley's Underweight stance and USD 2.00 target reflect caution around the timetable for the company's next-generation spacecraft and the return of revenue-generating flights.

The target change also contrasts with the company's longer-term commercial ambitions. Virgin Galactic is developing its Delta-class spacecraft and has indicated that testing milestones remain central to its path toward commercial operations, according to the recent analyst coverage cited by Simply Wall St.

Second-quarter loss remains substantial

Virgin Galactic reported USD 134,000 of revenue and a USD 55.9 million net loss for the second quarter of 2026, according to Simply Wall St. The loss narrowed 17.00 percent from USD 67.3 million in the second quarter of 2025, while revenue exceeded analyst estimates by 5.80 percent.

The figures show the tension between operating progress and financial scale. Revenue remains small compared with the quarterly loss, so the investment case continues to depend on spacecraft development, flight timing and the company's ability to finance operations until commercial service expands.

Results date and stock range

Virgin Galactic is scheduled to report its third-quarter 2026 results on November 11, 2026, according to TradingView. The same listing identifies SPCE on the New York Stock Exchange and places the company's 52-week range at USD 2.13 to USD 8.90.

That range leaves the stock close to its annual low relative to the USD 8.90 high, while the USD 392.0 million market capitalization as of October 5, 2026 keeps the company in the small-cap segment of aerospace and defense. The next results will therefore matter less for headline revenue alone than for evidence that Delta-class development is converting into a clearer route to commercial flights.

October 5 market snapshot

The last valid Lang & Schwarz close was EUR 2.70 on October 5, 2026, with a prior close of EUR 2.70. Virgin Galactic's reference market capitalization was USD 392.0 million on October 5, 2026, and its primary listing is on the New York Stock Exchange.