Ubiquiti price target raised to $240 from $160 at BWS Financial

BWS Financial raised the firm’s price target on Ubiquiti to $240 from $160 and keeps a Buy rating on the shares. Ubiquiti is now on a revenue trajectory of achieving over $500M in quarterly revenue along with gross margin of over 40%, which is a combination that the firm argues “should lead to superior earnings performance in the coming year.”