ViaSat ( (VSAT) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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ViaSat’s stock is on the rise as JPMorgan upgraded the stock, spurred by the potential separation of its Defense and Advanced Technologies segment, which aligns with a sum-of-the-parts valuation strategy. Additionally, the company’s strong Q2 earnings, with an adjusted EPS exceeding expectations, led Deutsche Bank to increase its price target. Despite facing some challenges, analysts are optimistic about ViaSat’s strategic initiatives and focus on cash generation, resulting in multiple upgrades from market analysts.
More about ViaSat
YTD Price Performance: 288.04%
Average Trading Volume: 3,238,481
Technical Sentiment Signal: Buy
Current Market Cap: $4.81B
For further insights into VSAT stock on TipRanks’ Stock Analysis page.
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