ViaSat Inc is trading 5.6% down at $61.81 as the stock extends a sharp pullback following its recent multi-month rally and post-earnings rebound.
- The decline comes despite several analysts recently raising their price targets, suggesting that short-term profit-taking is currently outweighing fundamental sentiment.
- Shares are facing additional pressure from a broader sell-off in technology stocks, with major U.S. indices down more than 1% in a weaker trading session.