Analyst: T-Mobile Stock Will Maintain Leadership

The majority of analysts are bullish on TMUS

Deputy Editor
Jun 8, 2023 at 8:38 AM
facebook X logo linkedin

T-Mobile Us Inc (NASDAQ:TMUS) stock is 0.7% higher in premarket trading, after Wolfe Research upgraded the telecommunications company's shares to "outperform" from "peer perform." The analyst also holds a $160 price target, which is a 26% premium to last night's close. In its bull note, Wolfe Research said it expects T-Mobile to maintain its leadership via 5G postpaid net additions. 

The majority of analysts are already bullish, with 30 of the 33 in coverage rating TMUS a "buy" or better. Meanwhile, the 12-month average target price of $177.95 is a 40.6% premium to last night's close.

The options pits also lean optimistic. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), T-Mobile stock sports a 10-day call/put volume ratio of 1.84, which ranks in the 88th percentile all readings from the past 12 months. 

The stock is fighting its way higher on the charts, last seen sitting at $127.46 before the bell, as it looks to rally from its lowest levels in roughly a year -- a move in line with sector peers after (AMZN) discussed entering the mobile service sphere. In 2023, TMUS is down roughly 9%.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI