Barclays Reiterates Equalweight Rating on Viasat (VSAT) Following Fiscal Outlook Update

Viasat Incorporated (NASDAQ:VSAT) ranks among the best technology growth stocks to buy under $100. Following Viasat Incorporated (NASDAQ:VSAT)’s fourth-quarter 2026 results and fiscal 2027 outlook, Barclays reaffirmed an Equalweight rating and a price target of $49 for the company’s shares on May 29.

Viasat Incorporated (NASDAQ:VSAT) reported revenue of $1.2 billion, which, while 2.4% less than anticipated, was up 2% year-over-year. Similarly, though the Communication Services division showed a 2% decrease in revenue, the Defense and Advanced Technologies segment reported a 12% year-over-year increase.

Looking forward to fiscal 2027, Viasat Incorporated (NASDAQ:VSAT) projected mid-single digit revenue growth alongside stable to somewhat higher adjusted EBITDA year-over-year, which is expected to be back-end loaded. The impact of a business sale, estimated at about 2%, is included in the EBITDA.

Meanwhile, capex is expected to range between $950 million and $1.0 billion, with free cash flow of around $180 million after discounting Ligado lump-sum payments. The company also stated that maritime revenues are currently projected to normalize by the end of 2027, with the Equatys D2D project set to begin operation in 2029.

Viasat Incorporated (NASDAQ:VSAT) is a global broadband and communication service provider that delivers satellite-based broadband services, narrowband communications, secure networking systems, and cybersecurity solutions.

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