J.P. Morgan Remains a Buy on ViaSat (VSAT)
In a report released yesterday, Sebastiano Petti from J.P. Morgan maintained a Buy rating on ViaSat, with a price target of $130.00. The company’s shares closed yesterday at $72.61.
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According to TipRanks, Petti is a 4-star analyst with an average return of 8.6% and a 60.00% success rate. Petti covers the Communication Services sector, focusing on stocks such as T Mobile US, Cogent Comms, and Verizon.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for ViaSat with a $95.29 average price target, a 31.24% upside from current levels. In a report released on June 1, Deutsche Bank also maintained a Buy rating on the stock with a $97.00 price target.
Based on ViaSat’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.17 billion and a net profit of $58.82 million. In comparison, last year the company earned a revenue of $1.15 billion and had a GAAP net loss of $246.05 million
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