TD Cowen raised the firm’s price target on T-Mobile (TMUS) to $250 from $216 and keeps a Buy rating on the shares. The firm said they posted solid 3Q24 results, with a beat on most financials including EBITDA, revenue, and FCF, a postpaid phone adds beat on good churn, an ARPU beat, and slightly raised 2024 guidance.
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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TMUS:
- T-Mobile price target raised to $240 from $230 at Wells Fargo
- T-Mobile price target raised to $240 from $220 at BofA
- T-Mobile price target raised to $250 from $230 at JPMorgan
- T-Mobile price target raised to $230 from $215 at Barclays
- T-Mobile (NASDAQ:TMUS) Stock Rises on Strong Earnings and Subscriber Numbers