Raymond James analyst Ric Prentiss maintains T-Mobile US Inc. TMUS with a Strong Buy and raises the price target from $174 to $184.
The analyst-re-rated outlook was mostly in line, with stock buybacks strong and capex coming in high but expected to moderate in the back half of the year.
By 2024, the integration will likely produce $8 billion in annual synergies. Capex is going down, resulting in a significant rise in cash flow per share and substantial shareholder returns in the form of buybacks.
Benchmark analyst Matthew Harrigan maintains a buy and raises the price target to $200 from $197. Momentum in underpenetrated smaller markets and corporate customers is accelerating even as urban market customers become more aware of the company s 5 G leadership.
T-Mobile is still agile in its strategic initiatives, with last week's Phone Freedom initiative aimed at poaching competitor's customers locked into three-year contracts.
Go 5G and Go 5 G Plus are de facto enhanced iterations of Magenta and Magenta Max, including more hotspot and North American data usage, including Mexico and Canada. At the same time, the economic essentials plan remains in the line-up.
T-Mobile is commanding prices off of enhancements and a 5 G network, without naked price hikes. However, overall ARPU is mix dependent, even as overall revenue growth and composite CLV customer lifetime value benefit from business category and 55 growth.
Douglas Mitchelson, an analyst at Credit Suisse, has an outperform rating with a price target of $175. While one Q 23 might not be the typical beat and raise quarter, the top-line s underlying core trends seem on track, margins are a bit ahead, with an outsized $4.6 billion stock buyback in 1 Q FCF share tracking ahead.
He expects the company to continue outperforming moderating wireless market growth today s Rural Share Gain Disclosures were encouraging Price Action: TMUS shares were lower by 4.01% at $143.93 on the last check Friday.