Ubiquiti price target raised to $247 from $222 at Barclays

Barclays raised the firm’s price target on Ubiquiti (UI) to $247 from $222 and keeps an Underweight rating on the shares. Ubiquiti’s sales and margins came in higher than expected, driven by strength in Enterprise Technology, the analyst tells investors in a research note. The firm, however, remains concerned moving forward given the fluid tariff environment as almost half of company revenues sell into the U.S.