TP ICAP MIDCAP analyst Michele Mombelli has maintained their bullish stance on UD stock, giving a Buy rating on January 31.
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Michele Mombelli has given his Buy rating due to a combination of factors linked to both sector dynamics and company-specific strengths. He notes that the Italian FTTH market is expanding rapidly, with strong year-on-year growth in fiber connections and rising market share for smaller operators such as Unidata, confirming that pure fiber is becoming the standard technology in the country. This favorable backdrop underpins his revenue projections for the company, including expected 2025 sales of around €105.5 million, and reinforces confidence that Unidata can continue to grow its customer base across both consumer and business segments.
Michele Mombelli’s rating is based on the view that Unidata’s business model is well positioned to benefit from this structural shift toward FTTH. Around 40% of the company’s turnover is estimated to come from recurring FTTH services, providing a stable platform to cross-sell higher value offerings such as cloud, datacenter, cybersecurity, and AI solutions in line with the latest business plan. Despite a recent share price rally, he highlights that Unidata still trades at a significant discount to domestic peers on both EV/EBITDA and P/E multiples for 2026, which, combined with the growth outlook and sector tailwinds, supports maintaining a Buy recommendation and a €6.0 target price.
According to TipRanks, Mombelli is ranked #6627 out of 11984 analysts.
In another report released on January 31, TipRanks – OpenAI also reiterated a Buy rating on the stock with a €3.50 price target.