On August 10, Viasat rose 5.49% in regular trading, trading at $84.68/share, with turnover of $17.95 million.
The rally was driven by Morgan Stanley significantly raising its price target on Viasat from $51 to $95, representing an 86% increase, while maintaining its Equal-weight rating. According to FactSet, the stock currently carries an average analyst rating of Buy with a mean price target of $101.44.
The upgraded target comes after the company reported fiscal Q1 revenue of $1.157 billion, slightly below the $1.2 billion consensus estimate, representing a 1.2% year-over-year decline. However, management reiterated its fiscal 2027 guidance for mid-single-digit revenue growth and flat-to-slightly-higher adjusted EBITDA. The Defense and Advanced Technologies segment recorded a record backlog, while F2/F3 satellite deployment continues to progress. Additionally, analysts have highlighted the potential value of Viasat's spectrum assets, with one firm estimating them at approximately $15 billion, exceeding the company's market capitalization.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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