Analyst Benjamin Swinburne from Morgan Stanley maintained a Buy rating on T Mobile US (TMUS – Research Report) and keeping the price target at $280.00.
Benjamin Swinburne has given his Buy rating due to a combination of factors that highlight T-Mobile US’s potential for growth and strong market position. The company’s ability to meet or exceed medium-term growth expectations is a key driver for sustaining its premium valuation. Swinburne’s confidence is rooted in T-Mobile’s proven track record of execution within a robust US wireless industry, as evidenced by their solid first-quarter performance.
Additionally, Swinburne points to T-Mobile’s growth opportunities in under-penetrated markets and the long-term benefits from the T-Mobile-Sprint merger as significant contributors to its positive outlook. The expectation of substantial growth in adjusted EBITDA and free cash flow per share from 2024 to 2027, along with potential upside from future acquisitions, further supports the Buy rating. Upcoming catalysts, such as the closing of accretive transactions, are also anticipated to enhance T-Mobile’s financial performance.
In another report released on April 25, TD Cowen also maintained a Buy rating on the stock with a $272.00 price target.
TMUS’s price has also changed slightly for the past six months – from $226.360 to $232.770, which is a 2.83% increase.