Goldman Sachs lowered the firm’s price target on T-Mobile (TMUS) to $224 from $253 and keeps a Buy rating on the shares. The firm cites strong fundamental trends around ARPU growth and meaningful runway for continued account net adds across wireless, fixed wireless, and fiber for the price target increase.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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 lowered to $220 from $270 at BofA
- T-Mobile price target lowered to $270 from $300 at JPMorgan
- UBS Lifts T-Mobile Price Target to $300 on Strong Growth, Free Cash Flow, and Attractive Valuation
- Michael Funk Reaffirms Hold on T-Mobile as Strong Results Meet Valuation Constraints, Trims Price Target to $220
- T-Mobile upgraded to Outperform from Perform at Oppenheimer