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Positive Outlook for ViaSat Amidst Government Sector Growth and Competitive Advantages

Positive Outlook for ViaSat Amidst Government Sector Growth and Competitive Advantages

ViaSat (VSATResearch Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Ryan Koontz from Needham maintained a Buy rating on the stock and has a $16.00 price target.

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Ryan Koontz has given his Buy rating due to a combination of factors including the robust performance in ViaSat’s government satellite communications and defense technology sectors. Despite a decline in the commercial communications segment, the government sector showed a significant year-over-year growth, which helped offset the losses.
Furthermore, Koontz anticipates that the company’s growth will continue, albeit at a slower pace, due to limited satellite capacity until new satellites become operational. The competitive advantages in in-flight connectivity and defense technology are expected to sustain the company’s growth. Although the price target was adjusted to $16 based on a sum-of-the-parts valuation, the overall outlook remains positive.

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