Barclays Maintains Underweight on Ubiquiti, Raises Price Target to $108
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tim Long maintains an Underweight rating on Ubiquiti (NYSE:UI) and raises the price target from $93 to $108.
May 13, 2024 | 6:16 pm
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Barclays has maintained its Underweight rating on Ubiquiti but increased the price target from $93 to $108.
The increase in price target by Barclays reflects a positive adjustment in valuation expectations for Ubiquiti, despite the Underweight rating suggesting caution. This mixed signal could lead to short-term volatility in the stock as investors digest the implications of a higher price target against the backdrop of a bearish rating.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90