Needham raises ViaSat price target to $90 on bookings strength

Key facts

• Needham analyst Scott Group raised ViaSat's stock price target.
• The new price target is $90.
• The upgrade was attributed to strong bookings.

Analysts often adjust price targets for stocks based on various factors, including company performance, market conditions, and future outlook. An increase in price target suggests a more optimistic view of the stock's potential.