Analyst Giorgio Tavolini from Intermonte maintained a Buy rating on Unidata S.P.A. and decreased the price target to €4.50 from €5.00.
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Giorgio Tavolini has given his Buy rating due to a combination of factors that highlight Unidata S.P.A.’s potential for growth and strategic positioning in the telecom sector. Despite recent adjustments in medium-term targets, including a reduction in EBITDA expectations, the company remains committed to returning to its historical margin range over the long term. This commitment is supported by a substantial CapEx plan that aims to maintain leverage at manageable levels, indicating a solid financial strategy.
Furthermore, Unidata’s ambition to transition into a TechCo with a focus on larger B2B clients and strategic investments in areas like IoT, cybersecurity, and AI, positions it well for future growth. The company’s current valuation appears attractive, trading at a lower EV/EBITDA multiple compared to the sector average, suggesting potential upside. The reaffirmed business plan and strategic focus on consolidation and infrastructure capabilities provide speculative appeal, justifying the Buy rating with a target price of €4.50.
According to TipRanks, Tavolini is ranked #7027 out of 10052 analysts.
In another report released yesterday, TP ICAP MIDCAP also maintained a Buy rating on the stock with a €6.00 price target.