Virgin Galactic viewed as disruptor

In a note to investors, Morgan Stanley analyst Adam Jonas stated that Virgin Galactic’s stock will soar as it proves out a long-term plan of flying people around the world at hypersonic speeds. “A viable space tourism business is what you pay for today … but a chance to disrupt the multi-trillion-dollar airline [total addressable market] is what is really likely to drive the upside,” he wrote. Virgin Galactic shares rose 16% in trading to close at $8.42.  Morgan Stanley’s price target of $22 a share represents a 203% increase from Virgin Galactic’s current levels.  Morgan Stanley forecast $800 billion