Analyst Gregory Williams of TD Cowen maintained a Buy rating on T Mobile US, retaining the price target of $291.00.
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Gregory Williams has given his Buy rating due to a combination of factors surrounding the leadership transition at T-Mobile US. The appointment of Srini Gopalan as the new CEO is seen as a positive development, given his extensive experience in the telecom industry and his previous role as COO of T-Mobile. This transition is expected to maintain the company’s momentum and continue its leadership in network and subscriber growth.
Furthermore, the strategic direction under Mr. Gopalan is anticipated to focus on a digital-first approach and potentially expand into fiber-to-the-home (FTTH) mergers and acquisitions, all while being mindful of investor capital. The optimism expressed during the recent analyst call, along with the company’s commitment to its ‘Un-carrier’ mission and upcoming initiatives, reinforces the confidence in T-Mobile’s future performance, justifying the Buy rating.
According to TipRanks, Williams is a 2-star analyst with an average return of 0.4% and a 43.71% success rate. Williams covers the Communication Services sector, focusing on stocks such as T Mobile US, Echostar, and Verizon.
In another report released on September 17, UBS also assigned a Buy rating to the stock with a $300.00 price target.