BTIG analyst Jesse Sobelson, CFA maintained a Buy rating on Kyivstar Group today and set a price target of $17.00.
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Jesse Sobelson, CFA has given his Buy rating due to a combination of factors highlighting Kyivstar Group’s innovative advancements and strategic positioning. The company has launched Europe’s first commercial direct-to-device satellite connectivity service, providing SMS messaging via Starlink’s technology, which marks a significant step in the global rollout of satellite communication services. This initiative not only sets a competitive precedent in Europe but also positions Kyivstar as a leader in technological adoption amidst challenging circumstances.
Furthermore, the rollout of this service underscores the increasing importance of low Earth orbit (LEO) satellites, with Kyivstar’s deployment potentially accelerating broader adoption across the region. The company’s proactive approach in enhancing connectivity resilience, especially given the ongoing infrastructure challenges in Ukraine, exemplifies how crisis can drive innovation. Additionally, regulatory approval from Ukraine’s telecom authority, despite the need for further harmonization with EU standards, suggests that similar fast-tracked approvals could occur in other markets under stress, enhancing Kyivstar’s growth prospects.
According to TipRanks, Sobelson, CFA is a 4-star analyst with an average return of 31.7% and a 36.84% success rate.
In another report released on November 12, Northland Securities also reiterated a Buy rating on the stock with a $17.00 price target.