VSAT is trading at $79.88 (4.16% up) as the stock continues to rally following a high-conviction analyst call from Oppenheimer.
- Oppenheimer initiated coverage with an Outperform rating and a $140 price target, which suggests approximately 96% upside from the prior close.
- The move extends a period of high activity where shares surged from $61.95 on June 26 to $76.69 on June 29, including a single-day jump of 23.79%.
- While the Nasdaq is slightly firmer with a 0.31% gain, VSAT's significant outperformance appears to be driven by company-specific sentiment.