The Zhitong Finance App learned that Canaccord analyst Austin Moeller lowered the target price of Virgin Orbit (VORB.US) from $12 to $6 and maintained the “buy” rating. The analyst lowered the target price because of revised expectations for the growth rate of the launch/space solutions company and the decline in industry valuations due to abnormal flight after the company's launch rocket LauncherOne entered space.
Canaccord：维珍轨道(VORB.US)火箭发射失利打击行业估值 大砍目标价至6美元
Canaccord: Failed Virgin Orbit (VORB.US) rocket launch hits industry valuation and slashes target price to $6
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