On September 10, Viasat rose 5.29% in regular trading, trading at $76.19/share, with turnover of $14.87 million, extending its recent strong momentum.
On the news front, Morgan Stanley previously raised its price target on Viasat significantly to $95 from $51, attributing approximately $6.2 billion, or roughly $42 per share, to the company's potentially monetizable spectrum assets — representing about 44% of the updated target. The bank noted that the mobile satellite spectrum supply-demand backdrop remains favorable, with direct-to-device service demand highlighting spectrum scarcity. Oppenheimer also maintained its outperform rating, arguing that spectrum monetization prospects remain intact and that current share price levels present a buying opportunity, citing the scarcity of spectrum assets as a factor that could make Viasat an attractive target for D2D operators.
Additionally, company director Pak Sean purchased 5,000 shares on September 2, signaling insider confidence and further reinforcing bullish market sentiment. The analyst consensus target currently stands at $101.44, well above the current trading price.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)