T-Mobile price target raised to $220 from $210 at Evercore ISI

Evercore ISI analyst Vijay Jayant raised the firm’s price target on T-Mobile to $220 from $210 and keeps an Outperform rating on the shares. The company’s Capital Markets Day yesterday “outlined an attractive and credible path” for the carrier to sustain its momentum across its core mobility business, continue to drive meaningful broadband growth and deliver “peer-leading financial growth,” the analyst tells investors. However, management’s outlook for respective 4% and 5% service revenue and core adjusted EBITDA growth in 2025 came in below the Street’s forecasts, in part due to continued wholesale revenue pressures and ongoing investments, while guidance for “up to $50B” in total stockholder returns through 2027 was also below consensus expecting $66B, says the analyst, who adds that “there was likely some consternation that the mid-term guidance largely matched Street expectations vs. exceeding them.”