T-Mobile US (TMUS) has announced that it is expanding its retail presence for T-Mobile and Metro by T-Mobile by launching on Walmart.com and in 2,300 Walmart (WMT) stores. The launch is expected to more than double T-Mobile’s footprint in large national retailers.
While T-Mobile is a global wireless network operator, Arkansas-based Walmart operates a chain of grocery stores, hypermarkets and discount department stores. (See Walmart stock chart on TipRanks)
Beginning October 18, Metro by T-Mobile displays will be available on Walmart.com and at select Walmart stores for smartphones. Furthermore, customers can also buy a Metro by T-Mobile SIM and use it on any eligible device.
Starting November 1, T-Mobile devices and plans, including Magenta MAX, will be available with smartphone data. Magenta MAX customers will get 40GB of high-speed data, unlimited hotspot, Netflix on Us and Scam Shield Premium. (See T-Mobile stock chart on TipRanks)
The Executive Vice-President of T-Mobile Consumer Group, Jon Freier, said, “Even though online shopping continues to grow, we know that retail stores remain one of the primary places where wireless customers pick up devices and service. We’re working to expand our retail footprint across the country to meet more people in more places every day.”
Last week, LightShed Partners analyst Walter Piecyk initiated coverage on T-Mobile with a Hold rating but did not offer any price target. The analyst believes there is a significant opportunity “afforded by T-Mobile’s spectrum depth,” but the company “has not been leveraging that differentiation to achieve higher growth.”
Overall, the stock has a Strong Buy consensus rating based on 13 Buys and 3 Holds. The average T-Mobile US price target of $169.38 implies 30.6% upside potential. The company’s shares have gained 15.8% over the past year.
According to TipRanks’ Smart Score rating system, T-Mobile scores a “Perfect 10,” suggesting that the stock is likely to outperform market averages.
Last month, Cowen & Co. analyst Oliver Chen reiterated a Buy rating on Walmart with a price target of $175 (20.6% upside potential). The analyst said, “Walmart is intensely focused on improving tools and capabilities to help fuel marketplace growth.”
Overall, the stock has a Strong Buy consensus rating based on 18 Buys and 4 Holds. The average Walmart price target of $172.48 implies 19.5% upside potential. Shares of the company have gained 8.7% over the past six months.
According to TipRanks’ Smart Score rating system, Walmart scores an 8 out of 10, suggesting that the stock is likely to outperform market averages.