Viasat offices will be shown on March 9, 2022 at the company's headquarters in Carlsbad, California.
Mike Blake | Reuters
Over The stock increased on Monday after the Starlink competitor received an analyst resistance from Deutsche Bank.
The shares of the Satellite Communications Giant and the competitor of Starlink – the satellite internet service, which belonged to Elon Musk's SpaceX and was operated by Elon Musk – rose by 14.4% after analyst Edison Yu upgraded the stock for the purchase of Hold.
“We see several paths for the company to create a stock value by significantly reducing his balance sheet through wealth monealization,” said the analyst on Monday in a note to the customers. “From a temporal point of view, it can take 12 to 18 months for the risk/reward profile to be increasingly convinced at the current levels.”
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Vsat, 1 day
Yu found that he still has concerns about the printing of Starlink on the Core Communication Services business of Viasat in the long term. Starlink recently took steps last year to expand his presence in different countries.
At the beginning of this month, Musk secured business with Indian telecommunications companies such as Jio and Bharti Airtel to organize Starlink's Internet services across the country. Previously, Musk also started Starlink satellite internet services in Indonesia in May 2024.
The bullish call from Yu comes because the Viasat shares have already grown considerably in 2025. So far, the stock has increased around 30% and went far beyond the S&P 500, which is more than 2% in this period. This month alone, the share has increased by more than 25%.
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