William Blair analyst Louie DiPalma maintained a Buy rating on ViaSat, with shares opening at $28.75. DiPalma covers the Technology sector and has a 65.70% success rate on recommended stocks. ViaSat has a Moderate Buy consensus and a price target of $24.63. The company has a one-year high of $28.59 and a one-year low of $6.69, with an average volume of 4.07M.
William Blair analyst Louie DiPalma has maintained a Buy rating on ViaSat Inc. (VSAT), with shares opening at $28.75. DiPalma, who covers the Technology sector, has a 65.70% success rate on recommended stocks. The company has a Moderate Buy consensus and a price target of $24.63. ViaSat has seen a one-year high of $28.59 and a one-year low of $6.69, with an average volume of 4.07 million shares traded daily [1].
ViaSat operates in the satellite communications industry and is currently undervalued compared to its peers. The company's growth depends on the successful execution of its strategies, according to a recent analysis. The investment thesis for ViaSat highlights its potential for growth and value [1].
In recent developments, ViaSat is facing intense competition from Elon Musk's Starlink service. Starlink has been signing up blue-chip carriers like Air France, Qatar Airways, and United Airlines. Alaska Air Group has also announced plans to install Starlink starting next year, with Virgin Atlantic set to use the service by early July. British Airways might be next, with negotiations ongoing. Starlink is also in talks with Middle Eastern airlines such as Emirates, Gulf Air, and Saudia [2].
Starlink's entry into the in-flight Wi-Fi market has been met with both enthusiasm and caution. While the service offers faster Internet connection speeds, it also faces political and regulatory challenges due to Musk's public standing. Some airlines may hesitate to authorize Starlink due to the political fallout, potentially delaying its adoption [2].
ViaSat's primary challenge remains its execution of growth strategies. The company's success will hinge on its ability to maintain its competitive edge in the satellite communications market. The intense competition from Starlink and other legacy operators like Viasat and SES underscores the need for strategic execution and innovation [1, 2].
References:
[1] https://www.ainvest.com/news/viasat-growth-depends-execution-finance-expert-analysis-2508/
[2] https://www.businesstimes.com.sg/companies-markets/transport-logistics/musks-starlink-courts-luxury-airlines-grow-flight-wi-fi-business
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