Seaport Research analyst David Joyce initiated coverage of GCI Liberty with a Buy rating and $68 price target. The company's sole asset is GCI, Alaska's largest cable and telecom provider, with mature operations that likely require statewide economic growth to meaningfully accelerate revenue and EBITDA beyond low-single-digit CAGRs, the analyst tells investors in a research note. However, as the upgrade capex cycle winds down in 2026, free cash flow per share should inflect sharply, and a low leverage profile plus tax attributes position the company as a potentially accretive acquirer over the long term, the firm argues.
