Breaking: Viasat Faces Challenges, UBS Bullish On Netflix
- July 13th, 2023
- 579 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)
Post Your Comments
Want To Find Some News?
Recent Posts
-
Key Earnings Ahead for Netflix, Fastenal, and U.S. Bancorp
January 18th, 2026Louisville Thunder Appoints Veteran Coach Mike Reed to Lead Program
January 15th, 2026FDA Approves First Treatment for Children With Menkes Disease
January 13th, 2026January 13th, 2026Wall Street Eyes Bank of America, Wells Fargo, Citi Ahead of Earnings
January 11th, 2026




Member Login