Bank of America (BofA) has slapped a “buy” rating on Virgin Galactic (NYSE - SPCE), a space exploration company according to a note from the Bank on Monday.

Virgin Galactic, despite not being operational yet has received a target price of $35 from BofA. This target price represents a 113% upsurge from its closing price on Friday.

Virgin Galactic went public in 2019 jumped over 20% on Monday following the positive outlook from BofA as investors rushed to key into the opportunity of potential capital gain...


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