T-Mobile Sparks Autonomous Vehicle Revolution: 5G Network Fuels Jacksonville's Futuristic Shuttle System
Portfolio Pulse from Nabaparna Bhattacharya
T-Mobile US, Inc. is collaborating with Miller Electric Company to implement a 5G private network for autonomous shuttles in Jacksonville. This initiative is part of the city's Ultimate Urban Circulator program. Citigroup has increased T-Mobile's price target from $210 to $254, maintaining a Buy rating. T-Mobile's shares are trading slightly lower, and the company is expected to report earnings soon.
October 22, 2024 | 1:57 pm
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T-Mobile is collaborating with Miller Electric to deploy a 5G network for autonomous shuttles in Jacksonville. Citigroup raised its price target for TMUS to $254, maintaining a Buy rating. Despite this, TMUS shares are trading slightly lower.
The collaboration with Miller Electric to implement a 5G network for autonomous vehicles is a significant development for T-Mobile, showcasing its technological capabilities and potential for future growth. Citigroup's increased price target reflects positive analyst sentiment. However, the slight decline in share price suggests market uncertainty or profit-taking ahead of earnings.
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