Analyst Michael Rollins of Citi maintained a Buy rating on T Mobile US (TMUS – Research Report), with a price target of $176.00.
Michael Rollins has assigned a Buy rating to T-Mobile US (TMUS) due to a composite of strategic business advantages and positive financial prospects for the company. His assessment is grounded on T-Mobile’s potential to accelerate its service revenue growth beyond the industry average. This growth, coupled with the company’s capacity to widen its profit margins, presents a compelling argument for the Buy recommendation. Moreover, Rollins underscores T-Mobile’s commitment to enhancing shareholder value through a robust capital return program.
His confidence is further bolstered by anticipated favorable fourth-quarter results, which are expected to align with T-Mobile’s previously articulated financial goals and commentary. Rollins’ outlook suggests that T-Mobile is well-positioned to meet or exceed its targets moving into 2024, reinforcing the rationale behind the Buy rating. The projected share price return of 7.8% indicates an optimistic view of the stock’s potential performance, cementing the positive stance on T-Mobile within the telecom sector.
Rollins covers the Communication Services sector, focusing on stocks such as Dish Network, AT&T, and Charter Communications. According to TipRanks, Rollins has an average return of 11.8% and a 65.91% success rate on recommended stocks.
In another report released on January 8, RBC Capital also assigned a Buy rating to the stock with a $168.00 price target.
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T Mobile US (TMUS) Company Description:
Founded in 1994, T-Mobile US, Inc., a wireless network operator, provides wireless communications services for branded postpaid and prepaid, and wholesale customers under the T-Mobile and MetroPCS brands. The company is headquartered in Bellevue, Washington.
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