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Needham Thinks ViaSat’s Stock is Going to Recover

Needham analyst Ryan Koontz maintained a Buy rating on ViaSat (VSATResearch Report) today and set a price target of $44.00. The company’s shares closed last Wednesday at $26.47, close to its 52-week low of $26.01.

According to TipRanks.com, Koontz is a 2-star analyst with an average return of 0.4% and a 44.6% success rate. Koontz covers the Technology sector, focusing on stocks such as Zoom Video Communications, Otonomo Technologies, and Planet Labs PBC.

ViaSat has an analyst consensus of Moderate Buy, with a price target consensus of $56.40.

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The company has a one-year high of $68.76 and a one-year low of $26.01. Currently, ViaSat has an average volume of 470.8K.

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ViaSat, Inc. provides communications technologies and services. It operates through following segments: Satellite Services, Commercial Networks and Government Systems. The Satellite Services segment provides satellite-based high-speed broadband services with multiple applications to consumers, enterprises, and mobile broadband customers (including commercial airlines and maritime vessels) both in the United States and abroad. The Commercial Networks segment develops and produces a variety of advanced satellite and wireless products, systems and solutions that enable the provision of high-speed fixed and mobile broadband services. The Government Systems segment provides global mobile broadband services to military and government users, and develops and produces network-centric Internet Protocol (IP)-based fixed and mobile secure communications products and solutions. The company was founded on May 1, 1986 by Mark D. Dankberg and Mark J. Miller and is headquartered in Carlsbad, CA.

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