Wells Fargo raised the firm’s price target on T-Mobile (TMUS) to $235 from $225 and keeps an Overweight rating on the shares. While a postpaid phone subscriber miss in Q4 may have raised some eyebrows, the guide through 2027 was encouraging enough to calm fears of a carrier price war, while bottom line growth metrics are only set to improve further into 2027, the firm says.
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 $266 from $270.25 at Scotiabank
- T-Mobile price target lowered to $252 from $263 at TD Cowen
- T-Mobile price target raised to $245 from $240 at Barclays
- T-Mobile: Solid Long-Term Fundamentals Tempered by Competitive Pressures and Valuation, Justifying a Hold Rating
- SoftBank Q3 Profit Hits Record on OpenAI Gains, Stock Pops