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Shares of Viasat, a competitor to Starlink, surged over 10% following an upgrade from Deutsche Bank. This significant market movement reflects investor confidence in Viasat's potential amidst the competitive landscape of satellite internet services.
Deutsche Bank upgraded ViaSat from Hold to Buy, raising the price target from $13 to $15, reflecting confidence in the company's potential for equity growth through strategic asset monetization and successful satellite launches. Despite competition from Starlink, ViaSat's recent earnings exceeded expectations, with a notable increase in its Defense and Advanced Technologies segment. However, concerns arise from major shareholders planning to sell substantial shares, which may impact ownership structure.
Deutsche Bank has upgraded ViaSat, Inc. from Hold to Buy, increasing its price target from $13 to $15. ViaSat is a global communications company offering a range of broadband and narrowband solutions for government and commercial sectors, alongside advanced technologies in defense and cybersecurity.
Dozens of lawmakers outperformed the stock market in 2024, with Democratic lawmakers gaining 31% and Republicans 26%, compared to the S&P 500's 24.9% rise. Notably, Rep. David Rouzer's portfolio surged 149%, while Speaker Emerita Nancy Pelosi's husband's stocks rose nearly 71%. Despite existing regulations, concerns about conflicts of interest and the lack of enforcement persist, as no member has faced charges under the STOCK Act. President Biden recently called for a ban on congressional stock trading, emphasizing the ethical implications of lawmakers profiting from their positions.
Space stocks surged this week, with gains of up to 41% for companies like Rocket Lab and Intuitive Machines, fueled by a "Trump-Elon trade" rally and positive third-quarter results. Analysts highlight a shift towards newer space firms as legacy players decline, driven by lower costs and increased investor interest in the sector's growth potential. The incoming Trump administration's focus on space is expected to sustain this momentum, benefiting companies like Rocket Lab.
Intelsat and Softbank are advancing toward a universal 5G broadband terminal that integrates satellite and terrestrial communications for global connectivity. This initiative follows the approval of Ku-band satellite spectrum for 5G standards and aims to provide seamless service across various markets, including automotive and military. While full standardization may take a few years, Intelsat hints at potential hybrid solutions that could be deployed as early as next year.
Gogo is acquiring inflight connectivity competitor Satcom Direct for $375 million in cash and shares, with potential performance-related payments bringing the total to $636 million. This strategic move aims to counter SpaceX's Starlink, which poses a significant threat to the satellite connectivity market. The merger will enhance Gogo's market presence, particularly in international business aviation, as both companies currently provide Wi-Fi to nearly 90% of business jets equipped with connectivity.
Viasat, Inc.
Companies
| Symbol | VSAT |
| Name | Viasat, Inc. |
| Currency | USD |
| Sector | Information Technology |
| IndustryGroup | Technology Hardware & Equipment |
| Industry | Communications Equipment |
| Market | NASDAQ Global Select |
| Country | United States |
| State | CA |
| City | Carlsbad |
| Zipcode | 92009 |
| Website | http://www.viasat.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Viasat shares surge over 10 percent following Deutsche Bank upgrade
18:52 24.03.2025
Deutsche Bank upgrades viasat stock rating and raises target to fifteen dollars
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