ViaSat (VSAT) PT Raised to $90 at Needham

Needham analyst Ryan Koontz raised the price target on ViaSat (NASDAQ: VSAT) to $90.00 (from $58.00) while maintaining a Buy rating.

The analyst comments "VSAT reported F3Q25 Rev/EBITDA below consensus by -2%/-3%, and introduced F27 guidance just above consensus (by +1%/+1%) on recent strength in bookings. 4Q results benefited from Aviation (+11% y/y) and DAT (+12% y/y), offset by continued weak Fixed/other (-24% y/y). Limited satellite capacity continues to hinder CS growth until VS3-F2 and F3 triple global capacity and contribute to revenue growth, now expected in late F27. VSAT's strong spectrum assets and the pending global JV Equatys continue to drive long-term prospects and valuation metrics. Our F27 ests remain largely unchanged, we maintain our Buy rating and increase our PT to $90, noting the high value of its defense segment and optionality for its spectrum holdings, and important pending details on Equatys expected in the coming months."

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