In a report released today, Gregory Williams from TD Cowen reiterated a Buy rating on Uniti Group, with a price target of $9.00.
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Gregory Williams has given his Buy rating due to a combination of factors influencing Uniti Group’s strategic positioning and future growth prospects. Despite a downward revision in the 2025 EBITDA forecast by approximately 6.5%, this adjustment is part of a broader strategy to boost the company’s Fiber-to-the-Home (FTTH) initiatives. The company is focusing on long-term growth through its Commercial Fiber and FTTH assets, which are expected to drive significant value.
Uniti Group’s commitment to expanding its fiber network is evident in its plans to reach 2 million FTTH passings this year, even if this requires higher upfront costs. The company has also secured a substantial $100 million contract and has a promising $1.5 billion pipeline in AI fiber demand, with expectations of a high success rate. These strategic moves, combined with the anticipated shift towards a higher percentage of revenue from fiber services by 2029, underpin Williams’s confidence in the stock’s potential for multiple expansion and long-term value creation.
In another report released today, Raymond James also maintained a Buy rating on the stock with a $11.00 price target.