Wunderlich is out with its report today on ViaSat VSAT, maintaining Hold.
In its report, Wunderlich writes, "If all goes well, ViaSat's ViaSat-1 will reach orbit by midnight next Wednesday, and service the enhanced capacity ViaSat-1 will provide (more than 10x current ViaSat broadband satellite service) will start before February. We believe actuaries calculate the chance of failure to be about 5%, a small chance, but if it happens we believe the setback will be sufficient to justify a markdown of about 35% from yesterday's closing price to $24. Our Hold rating and $43 target remain unchanged."
Shares of VSAT closed Tuesday at $36.72, up 1.38% from Monday's close.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in