Can Viasat (VSAT)’s Strategic Split Unlock Higher Valuation? JPMorgan Believes So

Core Viewpoint - Viasat Inc. (NASDAQ:VSAT) is experiencing significant stock performance, with a price target increase from JPMorgan analyst Sebastiano Petti, reflecting confidence in the company's strategic direction and potential value unlocking [1][2]. Group 1: Analyst Insights - JPMorgan analyst Sebastiano Petti raised the price target for Viasat Inc. to $50 from $23 and upgraded the rating from Neutral to Overweight [1]. - The analyst's confidence stems from Viasat's shareholder letter, indicating a potential strategic separation of its Defense and Advanced Technologies division [2]. - Petti's price target revision is based on a sum-of-the-parts valuation, suggesting that Viasat's individual business components may be more valuable separately [3]. Group 2: Market Performance - Viasat's stock has surged 258% year to date as of November 20, driven by strong financial results and strategic announcements [5]. - The stock experienced a 50% rally following news of a potential split of its defense business and the announcement of Q2 results, contributing to a total increase of 100% since then [4]. Group 3: Company Overview - Viasat Inc. is a global communications company providing high-speed satellite broadband services and secure networking solutions to commercial, government, and military customers [5].