Gregory Williams, an analyst from TD Cowen, maintained the Buy rating on T Mobile US. The associated price target was lowered to $263.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Gregory Williams has given his Buy rating due to a combination of factors that highlight T-Mobile US’s strong market position and financial performance. T-Mobile’s recent quarterly results showcased impressive postpaid phone additions and an increase in fixed wireless access subscribers, alongside a modest EBITDA beat. Despite concerns about competitive pressures and a slight guide-down for the fourth quarter, the company’s free cash flow conversion remains robust, indicating a solid financial foundation.
Moreover, T-Mobile’s strategic emphasis on 2025 as an investment year, coupled with its superior network quality and pricing strategy, positions it well in a highly competitive environment. The company’s ability to potentially raise prices, thanks to its network strength and market perception, further supports its valuation. These elements collectively underpin Williams’s confidence in T-Mobile’s prospects, justifying the Buy rating.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $259.00 price target.
Based on the recent corporate insider activity of 107 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TMUS in relation to earlier this year.