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Fly News Breaks for May 24, 2019
VSAT
May 24, 2019 | 09:26 EDT
Needham analyst Richard Valera raised his price target on Viasat to $100 and kept his Buy rating after its "strong" Q4 results. The analyst says the company topped expectations across the board with a "record year on most metrics", generating "steady" average revenue per user and service revenue growth with the churn of low-end wholesale subs. Valera expects Viasat's service revenue and EBITDA growth to continue thanks to the ramp of its "other satellite services" that include in-flight connectivity, community Wi-Fi, and enterprise."
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