What To Do After Viasat Stock Soared
Portfolio Pulse from
Viasat's stock surged after securing a $4.8 billion NASA contract, despite a previous 56% decline. The stock formed a bullish 'double bottom' and is trading at a valuation discount, with growth in aviation and government satcom services.
January 27, 2025 | 6:30 pm
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Viasat's stock surged due to a $4.8 billion NASA contract, forming a bullish 'double bottom' pattern. Despite a 'Strong Sell' rating, the stock is trading at a valuation discount with growth in aviation and government satcom services.
The $4.8 billion NASA contract is a significant win for Viasat, boosting investor confidence and stock price. The bullish 'double bottom' pattern suggests a potential upward trend. Despite a 'Strong Sell' rating, the stock's valuation discount and growth in key sectors provide a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100