CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
We lower our 12-month target price by $0.80 to $1.20, applying an EV/EBITDA multiple of 8.1x to our 2026 estimate, close to its 10-year historical average multiple at 7.7x. We cut our 2026 EPS estimate by $0.83 to a loss of -$0.57 and 2027's estimate by $0.09 to a loss of -$0.20. Broadband subscriber net losses totaled 64,000 for the quarter, or 56,000 when excluding a subscriber adjustment related to prior periods. The quarter was characterized by muted gross additions and elevated churn, attributed to intense competition and heavy promotional activity in the market. OPTU acknowledged that broadband subscriber trends were negatively impacted and that stabilizing these trends remains a challenge. Competitive intensity, particularly from fixed wireless, fiber overbuilders, and aggressive promotional offers, has increased, especially in the West, making market dynamics more challenging and contributing to subscriber and revenue pressures.