Breaking: Viasat Faces Challenges, UBS Bullish On Netflix
- July 13th, 2023
- 385 views
Shares of Viasat, Inc. (Nasdaq: VSAT) experienced a significant drop of over 15% in the extended session after revealing an unexpected incident during the deployment of a reflector that could have a substantial impact on the performance of the ViaSat-3 Americas satellite.
Both Viasat and its reflector provider are currently engaged in a thorough assessment of the development and deployment process of the affected reflector. The purpose is to determine the extent of the impact and explore potential remedial actions.
In after-hours, $VSAT is currently trading at $35.90, reflecting a decrease of $7.08 (-16.47%) following the disclosure of this event.
In other news, Netflix, Inc. (Nasdaq: NFLX), a leading global streaming platform, received a favorable outlook from UBS, who maintained a Buy rating and raised the price target from $390 to $525.
With Wednesday's closing price of $444.05, the updated price target suggests a potential upside of $80.95 or approximately 18.23% for $NFLX, according to the investment services firm's analysis.
The potential upside mentioned for Netflix is based on the assessments and views of UBS, reflecting the investment services firm's analysis and expectations for the potential growth in stock value. Investors are advised to carefully consider these opinions when making investment decisions.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
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