Viavi price target raised to $23 from $16 at Argus

Argus analyst Jim Kelleher raised the firm’s price target on Viavi (VIAV) to $23 from $16 and keeps a Buy rating on the shares. The company’s acquisition of Ethernet, security, and emulation assets from Spirent Communications provides synergistic product lines, meaningfully adds to revenue, and raises Viavi’s margin profile, the analyst tells investors in a research note. Aerospace-defense has also become a growth opportunity, aided by the January 2025 acquisition of Inertial Labs, the firm added.