Needham analyst Ryan Koontz raised the firm’s price target on ViaSat (VSAT) to $25 from $16 and keeps a Buy rating on the shares. The company’s Q1 results modestly topped estimates, with strength in both DAT and Aviation offset by Maritime and Fixed segments, the analyst tells investors in a research note. Some uncertainty remains with the Ligado ASTS payments, but the firm sees the company’s strong spectrum assets also providing valuation optionality for the fast-emerging D2D segment, Needham added.
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