10 Stocks Surprise With Double-Digit Gains; 4 Hit Record Highs

4. Viasat, Inc. (NASDAQ:VSAT)

Viasat jumped by 22.32 percent on Monday to close at $20.28 apiece as investors took heart from an investment firm’s bullish rating and price upgrade for its stock.

In a market note on the same day, William Blair upgraded Viasat, Inc. (NASDAQ:VSAT) to “outperform” from “market perform” previously, citing “plethora of catalysts that improve the company’s stock prospects over the next year,” including the potential spinoff and IPO of its defense technology business; an expected $568 million cash infusion from Ligado in fiscal 2026; and expectations of a positive free cash flow in the second half of the year, among others.

William Blair underscored that Viasat, Inc.’s (NASDAQ:VSAT) consideration to list its defense technology business publicly could deliver a more than 100 percent upside to its shares over the next year.

Carronade Capital has been pushing Viasat, Inc. (NASDAQ:VSAT) to spin off its defense technology unit and list it publicly, arguing that it could be one of the most attractive pure-play defense technology platforms in the market with its double-digit revenue growth and strong margins, and could even drive the parent firm’s share price to $100.

Viasat, Inc. (NASDAQ:VSAT) is scheduled to release its earnings performance for the first quarter of fiscal year 2026 after market close tomorrow, August 5.