In a report released today, Richard Valera from Needham reiterated a Buy rating on ViaSat (NASDAQ: VSAT), with a price target of $70. The company’s shares closed on Friday at $59.52, close to its 52-week low of $58.62.
According to TipRanks.com, Valera is a 4-star analyst with an average return of 8.6% and a 61.8% success rate. Valera covers the Consumer Goods sector, focusing on stocks such as Audiocodes Ltd, Cadence Design, and KVH Industries.
ViaSat has an analyst consensus of Moderate Buy, with a price target consensus of $72.20, which is a 21.3% upside from current levels. In a report issued on August 10, B.Riley FBR also assigned a Buy rating to the stock with a $89 price target.
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The company has a one-year high of $80.26 and a one-year low of $58.62. Currently, ViaSat has an average volume of 465.3K.
Based on the recent corporate insider activity of 141 insiders, corporate insider sentiment is neutral on the stock.
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Viasat is a global communications company that believes everyone and everything in the world can be connected. For more than 30 years, Viasat has helped shape how consumers, businesses, governments and militaries around the world communicate.