William Blair upgraded ViaSat (VSAT) to Outperform from Market Perform. The firm’s sum-of-the-parts analysis indicates there is greater than 100% upside to the shares over the next year. The firm sees a “plethora” of share catalysts after the company annoyed it will evaluate the initial public offeirng or spinout of its defense technology business. In addition, ViaSat expects to receive $568M in cash in fiscal 2026 from its Ligado agreement and should inflect to free cash flow positive in the second half of this year, the analyst tells investors in a research note. Meanwhile, the company’s launch of its final two ViaSat-3 satellites is nearing, adds Blair.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VSAT:
- ViaSat upgraded to Outperform from Market Perform at William Blair
- VSAT Upcoming Earnings Report: What to Expect?
- ViaSat comments on letter from Carronade Capital Management
- Carronade urges ViaSat to separate ‘undervalued and underappreciated’ DAT unit
- ViaSat up 5% to $16.28 after FT report of pressure from Carronade