JPMorgan raised the firm’s price target on T-Mobile (TMUS) to $250 from $230 and keeps an Overweight rating on the shares. T-Mobile reported solid Q3 results and increased subscriber and financial guidance across the board, the analyst tells investors in a research note. The firm says the strong Q3 results and increased 2024 guidance underscore its investment thesis. T-Mobile remains the analyst’s favorite long-term idea.
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Read More on TMUS:
- T-Mobile price target raised to $230 from $215 at Barclays
- T-Mobile (NASDAQ:TMUS) Stock Rises on Strong Earnings and Subscriber Numbers
- T-Mobile reports Q3 EPS $2.61, consensus $2.42
- T-Mobile raises FY24 core adjusted EBITDA view to $31.6M-$31.8M
- T Mobile options imply 3.6% move in share price post-earnings