Below are the downside targets for Virgin Galactic Holdings (SPCE).
-
$25.54 (conservative target)
-
$19.85 (mid-range target)
-
$14.16 (extreme target)
Virgin Galactic Holdings (SPCE) is creating a scenario where the extreme downside target could easily be achieved while being considered a normal “bounce.” The price would have to rise to above $60 before the above downside targets are no longer valid.
These situations don’t end well but in case the price doubles from the recent peak we provide the following downside targets.
- $39.71 (conservative target)
- $34.02 (mid-range target)
- $28.33 (extreme target)