Analyst Ryan Koontz from Needham maintained a Buy rating on ViaSat (VSAT – Research Report) and keeping the price target at $19.00.
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Ryan Koontz’s rating is based on ViaSat’s solid financial performance in the recent quarter, as evidenced by their revenue and adjusted EBITDA figures meeting or exceeding expectations. Key segments such as In-Flight Connectivity and Defense Technology showed significant year-over-year growth, demonstrating the company’s resilience and competitive strength in these areas.
Moreover, management’s successful optimization efforts led to a notable increase in capacity, providing the company with operational advantages and reducing the necessity for additional capital expenditures related to the planned VS3 launch. These factors, combined with stable future guidance and profitability improvements, support the Buy rating and the price target of $19.
According to TipRanks, Koontz is a 3-star analyst with an average return of 2.2% and a 46.70% success rate. Koontz covers the Technology sector, focusing on stocks such as Ceragon Networks, Ciena, and Audiocodes.