Needham raised the firm's price target on Unisys to $6 from $4 and keeps a Buy rating on the shares. Following the company's investor day, the firm has come away with a clearer picture of the Unisys multi-segment business and path to growth as it helps build the AI infrastructure and orchestration layer for enterprises, the analyst tells investors in a research note. Needham adds it is especially encouraged by trends in its high-margin ClearPath and CA&I segments, which could see upside given current demand from enterprises to upgrade infrastructure and applications for AI workloads.
