Analyst Matthew Harrigan of Benchmark Co. maintained a Buy rating on Liberty Global A, boosting the price target to $21.00.
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Matthew Harrigan has given his Buy rating due to a combination of factors that suggest significant potential for value unlocking in Liberty Global. The company recently increased its price target to $21 from $18, following a consistent performance with annual guidance and Benchmark estimates. Management has reaffirmed its 2025 guidance, with improvements in Telenet’s EBITDAaL outlook and Liberty Services & Corporate adjusted EBITDA. There is notable potential for equity value realization from joint ventures like VMO2 and VodafoneZiggo, as well as consolidated Telenet, within a targeted 12 to 24-month timeline.
Additionally, the unwinding of the Vodafone share collar and the acquisition of Daisy Group are expected to bolster VMO2’s business services, with significant cost synergies projected. Operational improvements, such as enhanced VodafoneZiggo fixed-line performance and VMO2’s spectrum acquisition, further support the positive outlook. The Liberty Growth portfolio has also seen an increase in fair market value, and the company continues to target substantial non-core asset dispositions. These strategic initiatives and financial maneuvers underpin Harrigan’s positive outlook on Liberty Global’s stock.
Harrigan covers the Communication Services sector, focusing on stocks such as Warner Bros, Comcast, and Liberty Global A. According to TipRanks, Harrigan has an average return of -0.8% and a 50.79% success rate on recommended stocks.