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 2026. On 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.

Pressmaster/Shutterstock.com

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.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years. 

Disclosure: None. Follow Insider Monkey on Google News.