Gilat Satellite Networks: Needham Raises PT to $11 from $8.5, Maintains Buy Rating

Gilat Satellite Networks: Needham Raises PT to $11 from $8.5, Maintains Buy Rating

Gilat Satellite Networks Ltd. (GILT) has seen its price target raised by Needham & Company to $11 from $8.5, while maintaining a buy rating. The upgrade comes amidst strong earnings and growth prospects for the satellite networking technology company.

Gilat reported its second quarter 2025 results on August 6, 2025, showing revenues increased by 37% and a GAAP operating income of $5.7 million. Adjusted EBITDA stood at $11.8 million, raising the midpoint of 2025 revenue and EBITDA guidance [1].

The company's diverse business segments, including Defense, Commercial, and Peru, have driven robust growth and resilience. Gilat has secured significant contracts, such as a $60 million digital inclusion project in Peru and a $70 million agreement with the U.S. Army for mission-critical communications [2].

Inspire Advisors LLC, Raymond James Financial Inc., and Bank of America Corp DE have recently added to their stakes in Gilat, indicating confidence in the company's prospects. Gilat's earnings have consistently beaten estimates, with an 88% success rate for EPS and a 50% success rate for revenue over the last two years [3].

Needham's upgrade reflects the company's solid fundamentals and strong market position. Gilat's sidewinder antennas are seeing great reception from big IFC providers like Intelsat and Panasonic, and the company is working with Boeing to enable line-fit installation of these units [4].

Gilat's continued innovation and strategic partnerships position it well for future growth. The company's participation in the WAVE Consortium and its virtualized SkyEdge IV platform highlight its commitment to cutting-edge technology and market leadership [5].

References:
[1] https://stockanalysis.com/stocks/gilt/
[2] https://seekingalpha.com/news/4478716-gilat-satellite-q2-2025-earnings-preview
[3] https://www.marketbeat.com/instant-alerts/filing-inspire-advisors-llc-acquires-shares-of-48534-gilat-satellite-networks-ltd-nasdaqgilt-2025-07-29/
[4] https://seekingalpha.com/news/4478716-gilat-satellite-q2-2025-earnings-preview
[5] https://seekingalpha.com/news/4478716-gilat-satellite-q2-2025-earnings-preview