Adtran, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Ryan Koontz from Needham maintained a Buy rating on the stock and has a $12.00 price target.
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Ryan Koontz has given his Buy rating due to a combination of factors including improved revenue visibility and strong performance in European markets. The company’s success in securing new contracts with European tier 1 companies is translating into increased revenue, highlighting the momentum Adtran is gaining in the region.
Additionally, Adtran is making significant progress in the optical sector through cross-selling and investments in European data centers. The anticipated arrival of the BEAD program in 2026 presents a substantial revenue opportunity, with Adtran expecting to capture over 25% market share. These factors collectively support the Buy rating for Adtran’s stock.