Wideopenwest’s Strategic Growth and Market Positioning Highlighted by New Partnerships and Fiber Expansion

Matthew Harrigan, an analyst from Benchmark Co., maintained the Buy rating on Wideopenwest (WOW – Research Report). The associated price target is $6.50.

Matthew Harrigan has given his Buy rating due to a combination of factors that highlight Wideopenwest’s strategic positioning and growth potential. The company’s recent partnership with the Columbus Clingstones to provide exclusive fiber internet services at Synovus Park underscores the strength and viability of its broadband solutions in targeted markets. Despite a slight reduction in the fair value estimate to $6.50, the company’s strategic initiatives in expanding its fiber network are expected to enhance its market presence and financial performance.
Furthermore, Harrigan notes that Wideopenwest’s liquidity position, bolstered by a new credit agreement, supports its ambitious goal of passing 400,000 new fiber homes by the end of 2027. The company’s focus on high-value fiber markets, as identified by its market entry algorithm, is projected to offset the loss of legacy HFC homes and drive future EBITDA growth. These factors, combined with the potential buyout offer, position Wideopenwest as an attractive investment opportunity amidst market volatility.

Harrigan covers the Communication Services sector, focusing on stocks such as Live Nation Entertainment, VEON, and Charter Communications. According to TipRanks, Harrigan has an average return of -1.5% and a 51.98% success rate on recommended stocks.