Analyst Michele Mombelli from TP ICAP MIDCAP maintained a Buy rating on Unidata S.P.A. and keeping the price target at €6.00.
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Michele Mombelli has given his Buy rating due to a combination of factors including Unidata S.P.A.’s strategic shift from a traditional telecommunications company to a technology-focused entity. This transition is marked by an emphasis on expanding into high-growth areas such as cloud services, cybersecurity, and data centers, which are expected to grow significantly faster than the traditional telecom market.
Additionally, the development of a new data center in Rome and plans to establish a national transport network, UNINET, are seen as strategic moves to enhance Unidata’s infrastructure capabilities. These initiatives are expected to provide competitive advantages in terms of lower latency and reduced downtime risks. Despite a reduction in margins, the company’s financial projections remain strong, with a credible business plan and a focus on deleveraging, which supports the positive outlook and Buy recommendation.
According to TipRanks, Mombelli is an analyst with an average return of -7.0% and a 20.00% success rate.
In another report released yesterday, Intermonte also maintained a Buy rating on the stock with a €4.50 price target.