Needham analyst Ryan Koontz has reiterated their bullish stance on GILT stock, giving a Buy rating on November 12.
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Ryan Koontz has given his Buy rating due to a combination of factors that highlight Gilat’s strong market position and growth potential. The company’s recent success in securing an order from a significant LEO broadband constellation indicates its competitive edge in the rapidly growing space sector. Additionally, advancements in their Stellar Blu ESA products demonstrate Gilat’s capability to innovate and meet market demands.
Furthermore, the robust performance in Gilat’s Peru segment underscores its ability to capitalize on regional opportunities, contributing to its overall growth trajectory. These elements, combined with the increasing investments in space infrastructure and mobile terminals, position Gilat favorably for future success, justifying the Buy rating.