Matthew Harrigan, an analyst from Benchmark Co., maintained the Buy rating on T Mobile US. The associated price target remains the same with $275.00.
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Matthew Harrigan has given his Buy rating due to a combination of factors including strategic continuity and network advantages. The appointment of Srini Gopalan as the new CEO is seen as a continuation of the successful “Uncarrier” ethos, rather than a transition, as Gopalan brings extensive experience from his previous roles, including as CEO of T-Mobile Germany. This leadership change is expected to maintain the company’s marketing and network leadership, especially with the ongoing advancements in 5G technology and AI integration.
Additionally, T-Mobile’s strong market position is reinforced by its significant customer base growth and its ability to capitalize on new device innovations, such as the iPhone 17. The company’s strategic partnerships, like the one with Starlink, and its disciplined approach to spectrum acquisitions further enhance its competitive edge. These factors, along with a focus on customer-centric strategies and a robust growth model, support the Buy rating with a price target of $275.
According to TipRanks, Harrigan is a 3-star analyst with an average return of 1.4% and a 54.07% success rate. Harrigan covers the Communication Services sector, focusing on stocks such as Warner Bros, Comcast, and Grupo Televisa, S.A.B..
In another report released today, Barclays also maintained a Buy rating on the stock with a $250.00 price target.