UPDATE: Raymond James Upgrades ViaSat (VSAT) to Strong Buy

April 1, 2021 4:58 AM EDT
Get Alerts VSAT Hot Sheet
Price: $47.70 -0.04%

Rating Summary:
    7 Buy, 7 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 10 | New: 12
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(Updated - April 1, 2021 7:37 AM EDT)

Raymond James analyst Richard Prentiss upgraded ViaSat (NASDAQ: VSAT) from Outperform to Strong Buy with a price target of $67.00.

The analyst comments "We are upgrading VSAT to Strong Buy (from Outperform) and maintaining our $67 price target, as we believe the stock price is dislocated from fundamental value trading at ~8.5x CY21 and ~7x CY22 EV/EBITDA (see chart below). We expect significant growth potential upon the launch of the ViaSat-3 (VS-3) constellation (first of three launches expected C1Q22), and the company is effectively managing costs and capacity in the meantime. In addition, as vaccines are rapidly distributed and administered, the In-Flight Connectivity (IFC) business should see continued recovery in conjunction with the return to relative normalcy."

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 $48.07 yesterday.

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