T-Mobile's Network Advantages and Customer Momentum Bolster Investment Thesis, Analyst Says
Portfolio Pulse from Anusuya Lahiri
Benchmark analyst Matthew Harrigan reiterated a Buy rating for T-Mobile US Inc (NASDAQ:TMUS) with a $200 price target. Harrigan sees T-Mobile as a relative haven if the current equity rally reverses. T-Mobile's customer momentum and long-term pricing are expected to benefit from a better network and superior value perception. The company is rolling out nationwide four-carrier aggregation for 5G, which should enhance its network capabilities. T-Mobile is also gaining traction in smaller and mid-sized markets, complementing its improved brand and network perception in urban areas.
July 26, 2023 | 6:57 pm
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POSITIVE IMPACT
T-Mobile's network advantages and customer momentum are expected to bolster its investment thesis. The company's nationwide four-carrier aggregation for 5G and traction in smaller and mid-sized markets are positive indicators.
The analyst's positive outlook on T-Mobile, along with the company's ongoing initiatives to enhance its network capabilities and expand its market reach, are likely to have a positive impact on its stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Verizon Communications Inc's recent release and conference call did not disrupt the analyst's investment thesis for T-Mobile.
The news does not directly impact Verizon, but the mention of the company in the context of T-Mobile's investment thesis suggests a neutral impact.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50