T-Mobile price target raised to $300 from $275 at Oppenheimer

Oppenheimer raised the firm’s price target on T-Mobile (TMUS) to $300 from $275 and keeps an Outperform rating on the shares. The firm cites better than estimated free cash flow, particularly its recent $5 per legacy sub per month increase which is also driving customers to higher priced plans. The Un-carrier remains the growth leader from a subscriber and service revenue perspective, which Oppenheimer expects to continue the next few years. The company also has further upside potential from its advertising business and fiber acquisitions, which are not currently in Street estimates. The sector is in a pocket of elevated promotional activity, but the firm sees this as temporary. Positively, the three carriers are not competing on price and have all implemented price increases in the first half of 2025, the firm adds.