TD Cowen Reaffirms Buy on Uniti Group Inc. (UNIT) with a $9 Target

Uniti Group Inc. (NASDAQ:UNIT) is among the fundamentally strong penny stocks to invest in. Analysts at TD Cowen have reaffirmed their “Buy” rating on Uniti Group Inc. (NASDAQ:UNIT), while maintaining a price target of $9.00. With such an optimistic outlook, the firm has reiterated its label as the top investment idea in the sector, alongside T-Mobile and Equinix.

As TD Cowen underscores, the company demonstrates solid bookings, with strand counts sold to hyperscalers assumed to be at least 30 times higher than they were several years ago, all thanks to the demand for generative AI. Having said that, analysts remain confident in what they call “twin engines of commercial and residential fiber super-cycles,” anticipating more than 90% upside for UNIT.

A woman standing in front of a skyscraper checking the stock value of a REIT-Mortgage firm on her phone.

Uniti Group Inc. (NASDAQ:UNIT) has announced that the second quarter 2025 financial results will be reported on August 5, 2025. While the upcoming earnings call will shed a clear light on the company’s future, one thing’s certain: UNIT is one of the strongest penny stocks.

Uniti Group Inc. (NASDAQ:UNIT) is a U.S.-based internally managed real estate investment trust that provides fiber and other wireless solutions. With a market capitalization of $1.068 billion, the company focuses on the acquisition and development of mission-critical communications infrastructure.

While we acknowledge the potential of UNIT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than UNIT and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.