Ubiquiti price target raised to $299 from $247 at Barclays

Barclays raised the firm’s price target on Ubiquiti (UI) to $299 from $247 and keeps an Underweight rating on the shares. Enterprise came in materially higher than expected, with the overall top-line and margins also higher than predicted, the analyst tells investors in a research note. Barclays says it underappreciated the cyclicality of the Enterprise business, but expects this cyclicality could continue into FY26.