Unidata S.P.A., the Communication Services sector company, was revisited by a Wall Street analyst on September 12. Analyst Giorgio Tavolini from Intermonte maintained a Buy rating on the stock and has a €5.00 price target.
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Giorgio Tavolini has given his Buy rating due to a combination of factors that highlight Unidata S.P.A.’s potential for growth and strategic positioning in the telecom sector. The company’s first-half results slightly exceeded expectations, driven by a non-monetary gain, although revenue growth was flat. Despite revising the FY25 guidance to be slightly below consensus, management views the revenue as postponed rather than lost, with expectations of more consistent growth from FY26, supported by ongoing projects like Unicenter and Unitirreno.
Furthermore, the company has shown solid operational performance with an increase in direct customers and expansion of its FTTH network. Key initiatives, such as the Unitirreno project and strategic partnerships, are progressing, albeit with some delays. The revised target price reflects a cautious yet optimistic outlook, considering the potential for Unidata to play a significant role in the Italian telecom sector’s consolidation. The company’s strategic assets and infrastructure expertise contribute to its speculative appeal, justifying the Buy recommendation.
According to TipRanks, Tavolini is an analyst with an average return of -0.6% and a 43.10% success rate.