Davide Longo, an analyst from TP ICAP MIDCAP, maintained the Buy rating on Unidata S.P.A. (UD – Research Report). The associated price target remains the same with €6.00.
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Davide Longo’s rating is based on several factors that highlight Unidata S.P.A.’s promising financial outlook and strategic growth initiatives. The company is expected to release its preliminary annual results soon, and projections suggest a positive trajectory with revenues anticipated at €101.6 million, marking a slight increase from the previous year. The adjusted EBITDA is also expected to rise by 5%, reaching €27.5 million, which indicates a strengthening operational performance.
Additionally, Unidata’s strategic plan through FY27E focuses on expanding into high-value markets such as Cloud & Data Center, Smart City, and IoT, which are seen as drivers for sustainable growth. The company’s financial objectives for FY27E include targets that align closely with industry expectations, underscoring confidence in its growth potential. Moreover, the stock’s current trading multiples appear attractive, with a relatively low price-to-earnings and EV/EBITDA ratios compared to historical performance. These elements combined contribute to the Buy recommendation, reflecting confidence in Unidata’s ability to achieve its strategic and financial goals.
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UD in relation to earlier this year.