Barclays lowered the firm’s price target on ViaSat (VSAT) to $9 from $24 and keeps an Equal Weight rating on the shares. The firm updated estimates for the company’s latest results and also the change in reporting. It has flagged competitive threats from LEO constellations for some time, but says it is unfolding faster than expected. Barclays cut estimates, which are magnified by ViaSat’s “high leverage.”
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VSAT:
- ViaSat to launch home and mobile broadband service in Mexico
- ViaSat Inc. Reports Strong Contract Awards in Q2 FY2025
- ViaSat still sees FY25 revenue growth flat to slightly up from $4.28B in FY24
- ViaSat still sees FY26 revenue and adjusted EBITDA growth
- ViaSat reports Q2 non-GAAP EPS (23c), consensus (54c)