Viasat's stock soared 11.99% during intraday trading on Friday, marking a significant upward movement for the satellite communications provider.
The sharp rise appears to be driven by a bullish analyst note from Needham. Analyst Ryan Koontz maintained a Buy rating on the company and set a price target of $45.00, reinforcing positive sentiment towards Viasat's business prospects.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.