Needham Maintains Buy on Viasat, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ryan Koontz maintains a Buy rating on Viasat (NASDAQ:VSAT) but lowers the price target from $35 to $28.
May 22, 2024 | 10:47 am
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NEUTRAL IMPACT
Needham analyst Ryan Koontz maintains a Buy rating on Viasat but lowers the price target from $35 to $28, indicating a cautious optimism.
The Buy rating suggests continued confidence in Viasat's long-term prospects, but the lowered price target reflects some concerns or adjustments in expectations. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100