UPDATE: Wunderlich Securities Raises Target to $35 on Ubiquiti Networks

Wunderlich Securities increases its price target from $28 to $35 on Buy-rated Ubiquiti Networks UBNT on positive impressions from Uniquiti World upbeat customers and compelling product introduction. Wunderlich Securities says, "We attended Ubiquiti (UBNT) World Conference Friday and came away with a positive impression of the health of the company's core wireless Internet service provider (WISP) customer base. The main event of the show was the introduction of airFiber, an innovative product that appears positioned to develop a new market for back-haul products utilizing unlicensed spectrum. This will take several quarters to develop. Nearer term it appears that supply is finally coming for UniFi demand." UBNT closed at $30.38 a share on Friday.