Viavi Solutions (VIAV) Soars to Fresh Record on Higher PT, 'Buy' Reco

We recently published 10 Stocks with Outstanding Gains; 9 on Record Highs. Viavi Solutions Inc. (NASDAQ:VIAV) is one of the best-performing stocks on Thursday.

Viavi Solutions rallied to a fresh record high on Thursday, as investors took heart from an investment firm’s higher price target for the company.

During the session, Viavi Solutions Inc. (NASDAQ:VIAV) soared to a new 52-week high of $17.43 before trimming gains to end the day just up by 22.32 percent at $17.10 apiece.

In a market note, investment firm Stifel raised its price target for the company to $18 from $15 previously, while maintaining a “buy” recommendation.

This followed results of Viavi Solutions Inc.’s (NASDAQ:VIAV) earnings performance in the first quarter of fiscal year 2026, with revenues jumping by 25 percent to $299.1 million from $238.2 million in the same period last year.

However, the company expanded its net loss by 1,089 percent to $21.4 million from $1.8 million year-on-year.

For the second quarter of the fiscal period, Viavi Solutions Inc. (NASDAQ:VIAV) targets revenues to settle between $360 million and $370 million.

While we acknowledge the potential of VIAV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.