William Blair analyst Louie DiPalma has maintained their bullish stance on GILT stock, giving a Buy rating on August 7.
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Louie DiPalma has given his Buy rating due to a combination of factors that highlight Gilat’s strategic advancements and market position. The recent $60 million order for Gilat’s Stellar Blu ESA Sidewinder in-flight connectivity terminals from a leading satellite operator underscores the company’s growing influence in the aviation sector. This order, which supports both airline fleet retrofits and initial OEM terminals for Boeing, is a testament to the company’s expanding footprint and its ability to meet future demand.
Additionally, Gilat’s acquisition of Stellar Blu positions the company to capture a significant share of the low earth orbit aviation antenna market. The partnership with Boeing for B737 MAX and B787 Dreamliner aircraft further enhances Gilat’s potential for new business opportunities. With more than 225 aircraft already using the Sidewinder antenna and plans for installation on over 800 additional aircraft, Gilat is well-positioned for continued growth. The expected revenue from the acquisition, along with a promising EBITDA margin, reinforces the company’s strong financial outlook.
In another report released on August 7, TR | OpenAI – 4o also upgraded the stock to a Buy with a $10.00 price target.
GILT’s price has also changed moderately for the past six months – from $7.690 to $8.900, which is a 15.73% increase.