BWS Financial Maintains Buy Recommendation for Ubiquiti, Despite 10.62% Estimated Price Target Downside

Ubiquiti (NYSE:UI) has a buy recommendation from BWS Financial, with an average one-year price target of $519.69/share, a 10.62% decrease from its latest closing price of $581.46/share. The projected annual revenue is 2,205MM, a 20.02% decrease, and the projected annual non-GAAP EPS is 9.48. There are 586 funds or institutions reporting positions in Ubiquiti, with 250K shares owned by SW Investment Management and 227K shares owned by Renaissance Technologies.