Barclays analyst Mathieu Robilliard maintains Viasat with a Equal-Weight and lowers the price target from $24 to $9.
9 replies (most recent on top)
Stock is up. Did Dank retire?
Wasserman Schulz is d-mb just like Rick Baldridge
Viasat doesn’t have to run from $2 to $250 like Carvana either. This should get to $30-$40
Carvana didn't have to compete with a genius like Elon Musk
Viasat management should learn from Carvana. They focused on controlling costs and operational efficiency to become cash flow positive and it made all the difference. Let’s see if Gary can do what Shawn couldn’t
When Carvana went to $2 per share analysts astutely downgraded it to $5 per share. It then ran to $250 per share.
Analysts upgrade at tops and downgrade at bottoms - especially this guy. Lowering from $24 to $9 when price is below $7 must feel like a stroke of genius to him. This is the most hopefully piece of news in awhile.
The reason why analysts don't just say "sell" is because they don't want to pi-s off management and cut off lines of communication. But Wall Street knows when you lower the price target like that, it's the same as saying "sell".
Pick a lane, man. Lowers the price target by 64% yet maintains an equal-weight position. Analysts suk and can only tell you what happened in the rear view. He should just call it a sell and preserve his credibility.