UNIT Similar Chart Price Prediction
The price of UNIT is predicted to go up 0%, based on the high correlation periods with PULM. The similarity of these two price pattern on the periods is 90.13%.
UNIT
PULM
Up: 0%Similarity: 90.13%
UNIT Revenue Forecast
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UNIT VS S&P500
Completion of the merger with Windstream will reduce the significant financial risk and customer concentration Uniti has independently, while also diversifying the firm's operations into the growing fiber broadband market.
Uniti's renegotiation of its Windstream lease gives the ability to add new leases to existing fiber, which can be very lucrative, as it requires little new spending.
There is less competition to provide fiber exists in the second- and third-tier cities where Uniti operates, and Uniti's network will be in demand to facilitate ever-growing data transport needs.
UNIT Analyst's Forecast
Bora Lee
RBC Capital
Hold
Price Target
$5.5 → $6
Upside
+9.29%
RBC Capital raised the firm's price target on Uniti Group to $6 from $5.50 and keeps a Sector Perform rating on the shares. The firm is adjusting its model to reflect higher non-recurring revenue and slightly higher projected operating expense while also rolling forward its estimates, the analyst tells investors in a research note. Uniti has the potential to outperform its peers in the long run if the management team can successfully execute on its strategy of diversification through disciplined M&A, efficient use of its unique REIT platform, and growth through its fiber and leasing platform, RBC adds.