Barclays analyst Mathieu Robilliard lowered the firm’s price target on ViaSat to $30 from $40 and keeps an Equal Weight rating on the shares. At its latest results Viasat announced a strategic change and Iridium posted solid results but announced the end of its D2D project with Qualcomm, the analyst tells investors in a research note. As a whole, the satellite industry is “at a key juncture” with new demand opportunities abound but the phasing is uncertain, says the firm. It sees lower execution risk but also lower growth for ViaSat.
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Read More on VSAT:
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- ViaSat reports Q2 non-GAAP EPS $1.19, consensus 54c
- ViaSat options imply 10.3% move in share price post-earnings
- ViaSat, Deutsche Telekom enter long-term in-flight connectivity agreement
- VSAT Earnings Report this Week: Is It a Buy, Ahead of Earnings?
