Viasat rises after J.P. Morgan's upgrade

ViaSat

11/11/2025 13:10

** Shares of satellite communications firm Viasat VSAT.O rise 4.3% to $38.56 premarket after J.P. Morgan updates stock to "overweight" from "neutral"

** Brokerage cites higher likelihood of a separation of the Defense and Advanced Technologies (DAT) segment for the upgrade

** Says the DAT segment trades at a steep discount to peers despite strong top-line growth

** Brokerage adds that co's communication services segment is also under-appreciated and supported by a solid backlog

** Five of 9 brokerages rate the stock "buy" or higher, three "hold" and one "sell"; their median PT is $40.50

** VSAT shares hit two-year high on Monday

** VSAT has more than quadrupled YTD vs 4.4% gain for Nasdaq Telecommunication Index .IXUT

 (Reporting by Utkarsh Tushar Hathi)

 ((utkarshtushar.hathi@thomsonreuters.com))