Buy Recommendation for Unidata S.P.A. Driven by Strong Financial Performance and Growth Prospects

In a report released on March 21, Davide Longo from TP ICAP MIDCAP maintained a Buy rating on Unidata S.P.A. (UD – Research Report), with a price target of €6.00.

Davide Longo’s rating is based on Unidata S.P.A.’s solid financial performance and promising growth prospects. The company reported fiscal year 2024 results that aligned with expectations, showing a 9% increase in sales and a 28% rise in net income year-over-year, despite some higher depreciation and amortization costs. The management’s positive outlook on the Internet of Things (IoT) segment, with a significant backlog expected to grow, adds to the company’s potential for future growth.
Additionally, the strengthening investments in Unitirreno and the interest in the Unicenter project further support Unidata’s growth trajectory. The company’s ability to maintain a strong EBITDA margin and the recovery in the infrastructure segment also contribute to a positive outlook. These factors, combined with the improved visibility of the company’s objectives through 2027, underpin Longo’s Buy recommendation for Unidata’s stock.

In another report released on March 21, Intermonte also maintained a Buy rating on the stock with a €5.50 price target.