Billionaire Paul Singer’s 10 Stock Picks with Huge Upside Potential

4. Uniti Group Inc. (NASDAQ:UNIT)

Elliott Management’s Stake: $55.66 million

Number of Hedge Fund Holders: 30

Average Upside Potential as of May 8: 60.92%

Uniti Group Inc. (NASDAQ:UNIT) is an internally managed real estate investment trust that acquires and constructs mission-critical communications infrastructure. It also provides fiber and other wireless solutions for the communications industry. The company’s Fiber Infrastructure segment encompasses the current Uniti Fiber and Uniti Leasing segments, along with Windstream Wholesale post-merger.

In 2024, Uniti’s recurring strategic fiber business grew by ~5%. This growth is underscored by a consolidated bookings growth of ~27%, indicating strong future revenue potential within this segment. Within Fiber Infrastructure, Uniti Leasing reported segment revenues of $222 million in Q4 2024. For the full year 2025 outlook, Uniti Leasing is projected to make revenues of $902 million

Earlier in February, Raymond James analyst Frank Louthan upgraded Uniti Group Inc. (NASDAQ:UNIT) to Strong Buy from Outperform, while raising the price target to $8 from $6. He believes the company is a hidden gem in the fiber-to-the-home market, especially as its merger with Windstream nears completion in mid-2025. The combined entity, branded as Fiber Infrastructure post-close, will create a premier fiber infrastructure company with national and deep regional capabilities.