Analyst Michael Funk of Bank of America Securities reiterated a Hold rating on T Mobile US, retaining the price target of $270.00.
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Michael Funk’s rating is based on T-Mobile US’s strong performance in the third quarter, where the company surpassed expectations in several key areas such as subscriber growth and service revenue. The post-paid phone net additions were significantly higher than both the firm’s and the Street’s estimates, indicating robust customer acquisition efforts. Despite these positive results, Funk maintains a Hold rating, reflecting the belief that T-Mobile’s current market valuation already incorporates these strong performance metrics.
Additionally, T-Mobile has updated its guidance for 2025, projecting increases in post-paid net customer additions, core adjusted EBITDA, and free cash flow, which suggests confidence in continued growth. However, the Hold rating suggests that while the company’s outlook is positive, the stock’s current price may already reflect these anticipated improvements. Funk also anticipates discussions around competitive pressures and integration progress in upcoming conference calls, which could impact future performance.
In another report released today, Bernstein also maintained a Hold rating on the stock with a $265.00 price target.
Based on the recent corporate insider activity of 108 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.