Virgin Galactic price target lowered to $8 from $9 at Jefferies

Jefferies lowered the firm’s price target on Virgin Galactic (SPCE) to $8 from $9 and keeps a Buy rating on the shares. Virgin Galactic continues to operate toward its previously disclosed plan, but the timelines have firmed as Virgin shifts from R&D to development, says the analyst, who notes the unchanged timing for Delta research flights to start in summer 2026 and passenger flights in fall 2026. The firm sees operating cash flow turning positive in 2027, the analyst noted.