Gilat Satellite Networks Positioned for Profitability Surge: Analyst Predicts Uptick in Peru Business
Portfolio Pulse from Anusuya Lahiri
Needham analyst Ryan Koontz initiates coverage on Gilat Satellite Networks Ltd (NASDAQ:GILT) with a Buy rating and a price target of $7. He anticipates rising profitability and FCF in the company's Peru business and believes GILT can take advantage of rapidly expanding opportunities in the multi-orbit satellite sector. The company's Peru terrestrial network is nearing completion, and he expects a near-term upturn in its profits and FCF. GILT shares traded higher by 6.27% at $6.10 on the last check Tuesday.
June 27, 2023 | 8:00 pm
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Needham analyst Ryan Koontz initiates coverage on Gilat Satellite Networks Ltd with a Buy rating and a price target of $7. He anticipates rising profitability and FCF in the company's Peru business and believes GILT can take advantage of rapidly expanding opportunities in the satellite sector.
The positive coverage from Needham analyst Ryan Koontz, along with a Buy rating and a price target of $7, indicates a bullish outlook for Gilat Satellite Networks. The anticipated rising profitability in the company's Peru business and the potential to take advantage of expanding opportunities in the satellite sector are likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100