Oppenheimer Raises Target On ViaSat (VSAT) Despite Near-Term Worries
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Price: $16.27 +4.56%
Rating Summary:
5 Buy, 10 Hold, 3 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 16 | Down: 14 | New: 16
Rating Summary:
5 Buy, 10 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 14 | New: 16
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Oppenheimer raised their price target on Outperform-rated ViaSat (NASDAQ: VSAT) from $43 to $50 following mixed Q2 results.
Weakness related to the imminent availability of higher value its ViaSat-1-based services is a transitory issue, the firm said. While investors may get cold feet, given uncertainties about a new service plan structure competition and the pace of new subscriber additions, the firm remains bullish long term.
For an analyst ratings summary and ratings history on ViaSat click here. For more ratings news on ViaSat click here.
Shares of ViaSat closed at $43.15 yesterday.
Weakness related to the imminent availability of higher value its ViaSat-1-based services is a transitory issue, the firm said. While investors may get cold feet, given uncertainties about a new service plan structure competition and the pace of new subscriber additions, the firm remains bullish long term.
For an analyst ratings summary and ratings history on ViaSat click here. For more ratings news on ViaSat click here.
Shares of ViaSat closed at $43.15 yesterday.
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