T-Mobile US (NASDAQ:TMUS) has been making waves in the wireless industry. Oppenheimer recently re-issued its “Outperform” rating for T-Mobile shares, reaffirming its confidence in the company’s growth potential. Oppenheimer’s price target suggests a potential upside of 27% from the stock’s current price, according to a research note issued to investors on Thursday. With a target price of $190.00, it’s clear that Oppenheimer is bullish on T-Mobile’s prospects.
T-Mobile US earnings for the third quarter of 2023 are estimated at $1.55 per share, while earnings for the fourth quarter for this year are expected to be $1.45 per share. For fiscal year 2023, analysts are estimating earnings at $5.95 per share, with fiscal years 2024 and 2025 likely to exceed that number with estimates of $8.09 per share and $10.23 per share, respectively.
In February 2023, T-Mobile US reported strong quarterly earnings with EPS of $1.18, beating the consensus estimate of $1.10 by $0.08, indicating better than expected performance margins, than expected by analysts for this quarter alone.
With postpaid and prepaid cellular voice and data services offered under the T-Mobile and MetroPCS brands, it is not surprising that since their inception in 1994 they have become a premier carrier choice for consumers seeking reliable telephone service providers in North America .
While recent industry trends are causing fewer people to invest in tangible goods like homes or cars, they are instead opting for more flexible, upgradeable technology investments, including smartphones and other related devices; further consolidation of T-Mobile as a worthwhile long-term investment.
Overall, this report will serve as an informational tool to reassure those who may wish to purchase shares, or existing stakeholders, as to future revenue streams and business growth projections under the current market conditions as currently outlined by Oppenheimer through April 9, 2023.
T-Mobile US receives positive reviews from market analysts in the first quarter of 2023
T-Mobile US, Inc. was the subject of several research reports from market analysts in the first quarter of 2023. According to Raymond James, T-Mobile US is classified as a “strong buy” with a target price of $174.00. which is a significant increase from its previous target of $168.00. Similarly, analysts at Citigroup gave the company a “buy” rating and increased their price target to $176.00 from $174.00, while Cowen lowered its price target to $199.00 from $201.00, but remains unchanged Maintained Outperform rating for T-Mobile US.
Meanwhile, investment website Bloomberg.com has given T-Mobile US a consensus rating of “Moderate Buy” and an average price target of $180.68, well above the current share price of around $150 as of Thursday, March 9. April, was traded.
T-Mobile US’s 52-week high was $154.38 and its low was $120.90 over the past few months, according to reports reflecting the volatile market conditions in which it operates.
Headquartered in Bellevue, WA, T-Mobile US has offered both postpaid and prepaid cellular voice data services under the well-known T-Mobile and MetroPCS brands since its inception in 1994.
In addition, insiders have recently sold over thirteen billion dollars worth of shares. Insider Callie R. Field alone sold over five thousand shares worth almost eight hundred thousand dollars, while director Teresa Taylor sold over eleven thousand shares worth one point six million dollars.
Institutional investors acquired billions of dollars in equity investments when Norges Bank invested more than $2 billion in the company in the fourth quarter of last year, while companies such as Price T Rowe Associates Inc., Jennison Associates LLC and CIBC Private Wealth Group also have strong positions in T- Mobile US stock portfolio.
Because these active transactions take place within the wireless carrier’s stock portfolio, T-Mobile US shareholders and potential investors must closely monitor the movements of the stock during this volatile period in global financial markets, while remaining alert for significant company developments.