Viasat stock surges 14% after analyst upgrade, but faces competition from SpaceX's Starlink
From StockTwits: 2025-03-25 03:00:00
Deutsche Bank analysts believe Viasat has multiple ways to create equity value for shareholders, including asset monetization. Viasat’s stock surged over 14% after Deutsche Bank upgraded it to ‘Buy’ from ‘Hold’ with a price target of $15, representing a 34% upside. However, Viasat’s core communication services face competition from SpaceX’s Starlink. Viasat’s Q3 performance missed revenue and earnings estimates, with a 6% decline in core communication services revenue due to maritime services. Despite this, retail sentiment on Stocktwits remains bullish, with the stock gaining over 31% year-to-date.
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