News

JPMorgan analysts have given a Neutral rating to shares of ViaSat (NASDAQ: VSAT) and set a price target of per share. They believe that the recent acquisition of Inmarsat by ViaSat provides the combined company with enough scale to compete in growing markets. The analysts also mentioned that the acquisition brings a portfolio of assets that will strengthen ViaSat’s growth opportunities.

However, there are concerns regarding the launch of ViaSat-3 Americas, which has faced complications. The analysts see this as a significant challenge for ViaSat’s fixed broadband business and a potential hindrance for the company’s shares. They added that the uncertainty surrounding the satellite will continue to affect the shares, possibly delaying any future Capex holiday.

At the time of writing, VSAT shares are down 4.8% and trading below per share.

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