SoFi CEO enters prepaid forward contract on 1.5 million shares
Investing.com - Raymond (NSE:RYMD) James raised its price target on Uniti Group (NASDAQ:UNIT) to $11.00 from $8.00 on Wednesday, while maintaining a Strong Buy rating following the company’s second-quarter results. According to InvestingPro data, the stock has experienced a significant 22% decline over the past week, potentially creating an attractive entry point as the company appears undervalued based on multiple metrics.
The firm identified Uniti Group as potentially the next "diamond in the rough" in the fiber-to-the-home (FTTH) space, drawing comparisons to Frontier Communications (OTC:FTRCQ).
Raymond James expressed confidence in the long-term value of FTTH and Uniti’s commercial fiber business for investors willing to look beyond short-term market noise.
The firm’s analysis suggests the re-combined Windstream could become an attractive acquisition target for larger carriers with wireless assets.
Raymond James forecasts increased consolidation in the telecommunications infrastructure sector over the next 12 months, potentially benefiting Uniti Group’s strategic position.
In other recent news, Uniti Group Inc. reported its second-quarter 2025 earnings, which fell short of expectations. The company disclosed an earnings per share (EPS) of -$0.04, significantly below the anticipated $0.116, resulting in a negative surprise of 134.48%. Additionally, the company’s revenue was reported at $300.73 million, slightly missing the forecasted $304.19 million. These results represent a notable shortfall in both earnings and revenue forecasts. Investors and analysts may closely watch how Uniti Group addresses these challenges moving forward.
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