Credit Suisse Starts Radius Global Infrastructure (RADI) at Outperform

Credit Suisse analyst Sami Badri initiates coverage on Radius Global Infrastructure (NASDAQ: RADI) with a Outperform rating and a price target of $19.00.

The analyst comments "We forecast RADI to grow revenues at ~21% CAGR through 2023E on a normalized basis, supported by the following business drivers: (1) Vast TAM opportunity to consolidate/acquire land interests; (2) RADI’s highly effective, globally distributed ~300 person business development team which leverages RADI’s proprietary database of land owners/interests; (3) Macro environment to bolster RADI’s acquisition pipeline as individual land owners increasingly look to sell their lands amid challenging economic dynamics; (4) RADI has $324M of available cash, ample access to credit, with sufficient leverage capacity for continued high levels of acquisition activity; and (5) 5G should further bolster RADI’s business opportunity as connectivity density rises, increasing the number of TAM site and lease interests."

For an analyst ratings summary and ratings history on Radius Global Infrastructure click here. For more ratings news on Radius Global Infrastructure click here.

Shares of Radius Global Infrastructure closed at $12.50 yesterday.

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