Credit Suisse: Don't ‘be on the sidelines’ for Virgin Galactic with final test milestones coming up

Virgin Galactic's carrier aircraft releases its spacecraft Unity during a glide flight test.
Virgin Galactic

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Credit Suisse reinstated its outperform rating of Virgin Galactic's stock on Wednesday, telling investors to not "be on the sidelines" as the space tourism company enters the final stage of development testing.

"With flight schedule visibility improving, and with scarce public investment opportunities in Space, we see a healthy demand environment for shares during the catalyst period," Credit Suisse analyst Robert Spingarn said in a note.

Shares of Virgin Galactic rose 1.8% in trading to close at $17.71. It jumped 9.3% in trading Tuesday, as CNBC reported its next spaceflight test is planned for Oct. 22 and UBS gave the stock a buy rating. It is up more than 50% since the beginning of this year.