Is Uniti Group (UNIT) the Next Big Fiber Acquisition?

Uniti Group Inc. (NASDAQ:UNIT) is among the most profitable stocks in each sector so far in 2026On April 1, Raymond James reaffirmed a Strong Buy rating on Uniti Group Inc. (NASDAQ:UNIT) with a price target of $11. As highlighted by the firm, the company’s share price ended the last half hour of Q1 with a 15.8% spike, driving nearly half of its 33.8% move for the quarter.

This comes as a TMT Finance article pointed to a possible acquisition of the company by TPG and T-Mobile (NASDAQ:TMUS), which the firm believes makes sense due to the growing interest of T-Mobile in more fiber-to-the-home passings.

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The analyst further said that there is uncertainty around the fate of the legacy incumbent local exchange carrier that T-Mobile isn’t looking for, adding that TPG could run the asset for cash over the upcoming few years. Raymond James believes other carriers, including AT&T, Verizon, and Bell Canada, may also show interest, with a live buyer likely accelerating their participation.

During the 47th Annual Raymond James Institutional Investor Conference on March 4, Uniti Group Inc. (NASDAQ:UNIT) noted that the company targets a 40% penetration rate in the long term, with an emphasis on converting DSL customers to fiber. The company also considers buying and selling assets.

Uniti Group Inc. (NASDAQ:UNIT) is a Delaware-based premier insurgent fiber provider that facilitates mission-critical connectivity. Incorporated in 2015, the company builds efficient communications services.

While we acknowledge the risk and potential of UNIT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than UNIT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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