VSAT: B. Riley Maintains Buy Rating, Raises Price Target to $94

B. Riley maintained its Buy rating on Viasat (VSAT) on April 28, 2026, while significantly raising its price target to $94 from $52. This substantial upside revision reflects growing confidence in the satellite communications company’s growth trajectory. VSAT trades near $58, giving investors potential upside of roughly 62% based on the new target. The analyst action comes as Viasat continues expanding its satellite broadband services and commercial networks segments globally.

B. Riley’s Maintained Buy Rating and Price Target Revision

Rating Action Details

B. Riley kept its Buy rating intact while dramatically lifting the price target to $94 from $52, a 81% increase. The stock closed at $57.97 when the rating was published. This price target revision signals the analyst’s belief that Viasat has significant room to run. The maintained Buy rating reflects confidence in the company’s strategic positioning within the satellite communications industry.

Market Context for the Rating

Viasat’s market cap stands at $7.89 billion, making it a mid-cap player in the technology sector. The stock has rallied 68.5% year-to-date, outpacing many peers. Over the past year, VSAT has surged 520%, demonstrating strong momentum. B. Riley’s maintained stance suggests the analyst sees this momentum as justified by fundamentals rather than pure speculation.

Viasat’s Financial Performance and Growth Drivers

Revenue and Profitability Trends

Viasat generated $35.45 in revenue per share on a trailing twelve-month basis. The company reported negative net income of $2.60 per share, reflecting ongoing investments in satellite infrastructure and R&D. However, free cash flow per share reached $10.12, showing the business generates real cash despite accounting losses. Operating cash flow of $12.03 per share demonstrates solid operational efficiency.

Segment Performance and Growth Outlook

The Satellite Services segment provides fixed broadband, in-flight entertainment, and mobile broadband solutions. The Commercial Networks segment offers satellite communication systems and antenna technology. B. Riley’s price target raise reflects confidence in both segments. Free cash flow grew 85.7% year-over-year, while operating income surged 89%, signaling accelerating profitability.

Analyst Consensus and Valuation Metrics

Broader Analyst Coverage

Across Wall Street, 6 analysts rate VSAT as Buy, while 1 rates it Hold and 2 rate it Sell. The consensus leans bullish, with a score of 3.0 out of 5. This mixed-to-positive backdrop supports B. Riley’s constructive stance. The Meyka AI-powered market analysis platform rates VSAT with a grade of B, suggesting solid fundamental strength relative to peers.

Valuation Assessment

Viasat trades at a price-to-sales ratio of 1.71x, below many tech peers. The price-to-book ratio of 1.65x indicates reasonable valuation relative to tangible assets. Enterprise value-to-sales stands at 2.98x, reflecting the capital-intensive nature of satellite operations. These metrics suggest the stock is not overextended at current levels.

Meyka AI Grade and Investment Considerations

Meyka Stock Grade Breakdown

Meyka AI rates VSAT with a grade of B, with a total score of 66.17 out of 100. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The B grade suggests solid fundamentals with room for improvement. The recommendation is Hold, balancing upside potential against execution risks.

Risk Factors and Debt Levels

Viasat carries a debt-to-equity ratio of 1.58x, indicating moderate leverage. The company’s negative return on equity of -7.4% reflects near-term profitability challenges. However, improving cash flow and the analyst’s confidence suggest these metrics are transitional. Investors should monitor quarterly earnings for signs of margin expansion and cash flow acceleration.

Final Thoughts

B. Riley’s Buy rating and $94 price target reflect confidence in Viasat’s satellite broadband and commercial networks growth. The company’s 520% one-year return and 85.7% free cash flow growth show strong momentum, though profitability remains weak. Operating income gains of 89% suggest improvement ahead. Meyka AI’s B grade supports the bullish outlook, but investors should watch debt levels and margins closely. Analyst consensus is mixed with 6 Buy and 2 Sell ratings, reflecting valuation debate.

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Disclaimer:

Stock markets involve risks. This content is for informational purposes only. Analyst ratings are opinions and not guarantees of future performance. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.