JPMorgan analyst Sebastiano Petti lowered the firm’s price target on ViaSat to $23 from $30 and keeps an Overweight rating on the shares. Despite reporting fiscal Q4 EBITDA that was well ahead of estimates and guiding to fiscal 2025 EBITDA in-line with Street, ViaSat shares traded off 12% since the report due to competitive concerns and IFC aircraft delivery delays, the analyst tells investors in a research note. The firm we believes the current valuation provides an attractive entry point as the company’s additional capacity comes online over the next several years and it progresses toward free cash flow generation in the first half of 2025.
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Read More on VSAT:
- ViaSat reports Q4 non-GAAP EPS (24c), consensus (63c)
- ViaSat price target lowered to $22 from $23 at Deutsche Bank
- Correction: ViaSat price target lowered to $22 from $23 at Deutsche Bank
- VSAT Earnings: Viasat Plummets on Q4 Loss and Disappointing Outlook
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