Analyst Sachin Salgaonkar of Bank of America Securities reiterated a Buy rating on PLDT, with a price target of $31.10.
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Sachin Salgaonkar has given his Buy rating due to a combination of factors including PLDT’s potential for mid-single-digit earnings per share growth in the years 2026 and 2027, which supports a dividend yield of at least 7%. Despite a slight reduction in revenue and earnings estimates for 2025 and 2026, the company shows resilience with steady EBITDA margins and a significant increase in broadband subscribers and revenue.
Additionally, the analyst sees potential upside from PLDT’s investments in Maya and data centers. The company’s capital expenditure has decreased due to improved procurement efficiency, not a reduction in growth capacity. These elements contribute to a positive outlook, justifying the reiterated Buy rating with a slightly lowered price objective.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $25.00 price target.
PHI’s price has also changed slightly for the past six months – from $22.950 to $22.940, which is a -0.04% drop .