T-Mobile US has been upgraded to a "Buy" rating by UBS, with a price target of $255. This upgrade comes after CEO Mike Sievert's presentation at a conference hosted by the Swiss bank.
T-Mobile US has reaffirmed its full-year subscriber growth targets, indicating that the expected growth for the final quarter is in line with that of the third quarter. Analyst John Hodulik mentioned that although T-Mobile US's performance is slightly below UBS's expectations, the reaffirmation of subscriber growth targets demonstrates confidence in the company's trajectory.
The report, published on December 9, 2024, highlights the ongoing developments in the telecom sector as companies navigate a competitive market.