Virgin Galactic upgraded to Hold amid improved outlook but high risks remain.

Virgin Galactic's stock rating was upgraded from Sell to Hold due to a better outlook, though significant risks persist. Management expects positive quarterly cash flow by 2027, but concerns about stock dilution and high short interest continue. The company remains a pioneer in space tourism, a sector with long-term growth potential, but operational delays and uncertainties limit strong conviction. Investors are advised to adopt a cautious, wait-and-see approach given the balanced risk and reward.