20 Best Data Center Stocks to Buy According to Billionaires

Page 3 of 19

17. Uniti Group Inc. (NASDAQ:UNIT)

Number of Billionaire Investors: 11

Billionaire Holdings: $108 million

Number of Hedge Fund Holders: 30

Uniti Group Inc. (NASDAQ:UNIT) is a real estate investment trust (REIT) primarily focused on owning and leasing fiber-optic networks, which are critical for data transmission in data centers, cloud computing, and 5G networks. Its fiber infrastructure serves as a crucial backbone for numerous data center operations, delivering high-performance, secure connectivity essential for large-scale data processing and storage needs.

On February 24, Raymond James analyst Frank Louthan upgraded Uniti Group Inc. (NASDAQ:UNIT) to Strong Buy from Outperform, raising the price target to $8 from $6 earlier. He believes the company is poised to emerge as a hidden gem in the fiber-to-the-home market, especially as its merger with Windstream nears completion in mid-2025. Louthan highlights the long-term value of the company’s fiber-to-the-home segment, commercial fiber operations, and leasing business, asserting that these factors will create significant shareholder value for those willing to look past short-term uncertainties.

Page 3 of 19