Ubiquiti price target raised to $440 from $385 at BWS Financial

BWS Financial raised the firm’s price target on Ubiquiti (UI) to $440 from $385 and keeps a Buy rating on the shares. The company has made enhancements to its website that highlight the improvements to its supply chain and product availability, the analyst tells investors in a research note. The firm believes Ubiquiti’s December quarter was most likely better than modeled and says the company should continue to operate with gross margin over 40% as scale from higher revenue offsets product mix shifts in a particular period.