Gilat Maintains Buy Rating and $20 Price Target on Strategic Comtech Space Acquisition and Defense Growth Upside
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Needham analyst Ryan Koontz maintains a Buy rating and $20 price target on Gilat. The decision follows Gilat's acquisition of Comtech’s Space segment, which expands its defense and government market presence. This deal adds satellite modems and other systems to Gilat's portfolio, bringing new DoD and NASA relationships. Expected to generate $195 million in annual revenue and $17 million in adjusted EBITDA, the cash-funded transaction supports long-term growth visibility and reinforces the positive risk-reward profile.
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