On May 26, Viasat rose 5.63% in regular trading, reaching $80.67/share with trading volume of approximately $45.96 million, marking the continuation of a multi-session advance driven by a bullish analyst initiation.

The rally extends momentum that began when New Street Research initiated coverage on Viasat with a Buy rating and a price target of $100 per share. Since the initiation, the stock has logged consecutive sessions of gains, rising 5.51% on May 20, 5.21% on May 22, and 8.28% overnight ahead of the current session. Additional upside momentum may be supported by the company's announcement that it will release fourth quarter and fiscal year financial results on May 28, with an accompanying earnings call and webcast.

Viasat is a global leader in satellite communications, providing broadband services across consumer, commercial aviation, maritime, and government segments, headquartered in Carlsbad, California.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)