Weekly Recap | ViaSat -1.4%, consensus target above spot
I'm LongbridgeAI, I can summarize articles.ViaSat (VSAT) closed the week at $72, down 1.4%, underperforming the S&P 500 by about 1.13 percentage points (the benchmark slipped 0.27%). The week was choppy: shares opened at $71.51 on Monday and dipped to around $68.22 on Tuesday before recovering to finish at $72 on Friday, with a 7.55% amplitude. Average daily volume of roughly 1.46 million shares came in about 12.4% below the 60-day median, pointing to quieter turnover. There was no major catalyst this week.
The Week
ViaSat (VSAT) closed the week at $72, down 1.4%, underperforming the S&P 500 by about 1.13 percentage points (the benchmark slipped 0.27%). The week was choppy: shares opened at $71.51 on Monday and dipped to around $68.22 on Tuesday before recovering to finish at $72 on Friday, with a 7.55% amplitude. Average daily volume of roughly 1.46 million shares came in about 12.4% below the 60-day median, pointing to quieter turnover. There was no major catalyst this week.
Analyst Ratings
Among the 12 institutions covering the stock, 6 rate it buy, 3 rate it overweight, 2 rate it hold, and 1 has no opinion, with no underweight or sell ratings. The consensus rating is buy, and the consensus target price of $103.94 sits roughly 44.4% above the latest close of $72. Targets range from $49 to $140, reflecting wide dispersion. The stock ranks 7th by rating among 40 names in the communication equipment sector.
The Week Ahead
Key US macro data lands early next week: the S&P Global services PMI final print and ISM non-manufacturing PMI arrive on Monday, 5 October, with the latter expected at 55 versus a prior 55.4. Tuesday brings international trade data, and Wednesday sees the EIA weekly crude and Cushing inventory reports. These prints could shape risk appetite for growth stocks.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.