Movement Alert｜ViaSat Rises 5.51% in Regular Trading, New Street Research Initiated Coverage with Buy Rating

Market Focus05-20 22:39

On May 20, ViaSat rose 5.51% in regular trading, reaching $74.47/share with trading volume of $27.12 million. The rally follows New Street Research's recent initiation of coverage on ViaSat with a Buy rating.

According to analyst consensus polled by FactSet, ViaSat currently holds an average overweight rating with a mean price target of $65.50. The stock is now trading well above the consensus target, reflecting strong investor confidence. Within the Communication Equipment sector, ViaSat significantly outperformed peers, with most sector constituents declining: Lumentum down 1.43%, Applied Optoelectronics down 2.53%, Nokia down 1.19%, Viavi Solutions down 0.87%, and Cisco up just 0.28%.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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