Wall Street Zen upgraded Viavi Solutions from buy to strong-buy on Saturday. Zacks Research also raised its rating for the company to strong-buy.
Viavi reported fiscal fourth-quarter results on August 5th. The company significantly beat both earnings and revenue expectations.
Analysts cite strong demand from AI infrastructure and data center expansion as primary growth drivers. Northland Securities materially raised its future earnings per share forecasts for the company.
The stock maintains a consensus rating of Moderate Buy. The average price target for the stock is $49.88. Potential risks include a premium valuation and weak demand within the wireless sector.