VIAV jumps after B. Riley doubles down, raises target to $53
Viavi Solutions (VIAV) is trading higher as buyers react to a major analyst price-target hike to $53 from $26 while reiterating a buy rating. The note followed strong recent results, including $0.22 EPS on $369.3 million revenue, helping keep shares near fresh highs.
1. What’s moving the stock today
Viavi Solutions shares are higher in the latest session as traders key in on a bullish analyst update dated April 24, 2026: B. Riley lifted its price target to $53 from $26 and maintained a buy rating. The revised target implies roughly 11.6% upside from the prior close, helping fuel follow-through buying after a sustained multi-month run in the stock. (marketbeat.com)
2. The fundamentals bulls are pointing to
The analyst move is landing in the context of strong operating momentum cited in recent coverage of the company’s results. Viavi’s most recently referenced quarterly performance showed $0.22 in EPS versus $0.19 expected and revenue of $369.3 million versus $365.25 million, with revenue up 36.4% year over year—numbers that reinforce the view that demand tied to high-speed networking and related test/assurance spend is holding up. (marketbeat.com)
3. What to watch next
Even with the sharp target increase, broader Street positioning is not uniformly aligned: the same snapshot shows a mix of buy/hold/sell ratings and a consensus price target far below the new $53 mark, a setup that can amplify volatility as new data arrives. Investors will be watching for any follow-on revisions from other firms, plus company commentary around forward expectations and profitability as the stock trades near its highs. (marketbeat.com)