TD Cowen analyst Gregory Williams maintained a Buy rating on Uniti Group today and set a price target of $8.00.
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Gregory Williams has given his Buy rating due to a combination of factors that highlight Uniti Group’s strategic positioning and growth potential. The recent completion of the Windstream acquisition allows Uniti to concentrate on its core operations, particularly the promising areas of fiber-to-the-home (FTTH) and commercial fiber infrastructure. These segments are expected to benefit from significant industry trends, such as the convergence of FTTH and the increasing demand driven by generative AI applications.
Williams points out that Uniti’s strategic moves, such as hiring experienced leadership and executing a successful copper-to-fiber transition, position the company for revenue and EBITDA growth by late 2026. Additionally, the company’s ability to raise low-cost ABS debt provides financial flexibility to support its expansion plans. The market’s recognition of fiber as a strategic asset, as evidenced by recent industry deals, further supports the potential for multiple expansion, making Uniti an attractive investment opportunity.
Williams covers the Communication Services sector, focusing on stocks such as Lumen Technologies, T Mobile US, and Cogent Comms. According to TipRanks, Williams has an average return of -4.8% and a 34.66% success rate on recommended stocks.