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Why ViaSat Stock Popped on Monday

TheMotleyFool

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ViaSat (NASDAQ: VSAT) soared 24% through 1 p.m. ET Monday after William Blair analyst Louie DiPalma upgraded the satellite communications stock to "outperform" and predicted ViaSat shares could more than double over the next 12 months.

Image created by JesterAI.

DiPalma took a sum-of-the-parts approach to arrive at his new valuation for ViaSat, which provides both commercial broadband and narrowband communications services and also has a defense and advanced technologies division providing equipment and services to the government and military.

Source Fool.com

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