US EditionDeutsche Bank upgrades satellite stock that competes with Elon Musk's Starlink
- Deutsche Bank upgraded Viasat to buy from hold, raising its price target to $15, which indicates over 53% potential gain from the previous close.
- Analyst Edison Yu noted that Viasat's successful satellite deployments could lead to positive cash flow of $300 million to $500 million by 2027.
- Despite a recent stock price increase of 12% in March, Viasat's stock had dropped more than 23% over the past six months, compared to the S&P 500's fall of over 1%.
- Yu highlighted opportunities for Viasat in selling its Defense and Advanced Technologies assets, while expressing concerns about competition from Starlink.
8 Articles
8 Articles
Deutsche upgrades ViaSat on ‘multiple paths’ to value creation - Overpasses For America
VSAT) to Buy from Hold with a price target of $15, up from $13. The firm still has concerns about Viasat’s core communication services business longer-term in the context of pressure from Starlink. However, Deutsche now sees “multiple paths” for the company to create equity value by materially deleveraging its balance sheet through asset monetization. The stock’s valuation is “increasingly compelling” at current levels, the analyst tells investo…
Telesat signs multi-year deal to provide Lightspeed services in Bangladesh
Canadian satellite operator Telesat and Bangladesh-based satellite services provider ADN Telecom Limited announced Tuesday they have signed a multi-year agreement to deliver Telesat Lightspeed low Earth orbit (LEO) connectivity solutions across Bangladesh and South Asia. The Telesat Lightspeed LEO constellation project is currently underway and the first satellite launches are expected to begin in the second half... Read more »
#Bridging the Connectivity Gap Lynk and Turkcell Achieve a Milestone in Direct-to-Device Technology
In a significant development for telecommunications in Turkey, Lynk Global, Inc., a prominent provider of satellite-direct-to-device (D2D) technology, has successfully conducted a testing campaign in partnership with Turkcell, the country's largest mobile operator. This collaboration marks a pivotal moment in the evolution of mobile connectivity, aiming to enhance network resilience and expand accessibility in areas previously underserved by tra…
Viasat selected to design Lunar Orbiting Satellite System alongside Telespazio
Viasat to lead the lunar orbiting satellite communications portion of ESA’s Moonlight Programme, alongside Telespazio and a host of other European and UK companies. Project creates Europe’s first lunar orbiting satellite network. Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, today joined the European Space Agency’s Moonlight project... The post Viasat selected to design Lunar Orbiting Satellite System alongside Telesp…
Coverage Details
Bias Distribution
- 67% of the sources are Center
To view factuality data please Upgrade to Premium
