The $60 billion of share repurchases should also help, as should the 2023 average-revenue-per-user estimates. That's because of the 4% or more organic postpaid service revenue growth expected through 2024 and positive current-quarter guidance on postpaid phone net adds despite decelerations elsewhere. Though the company simply met expectations for its first quarter, he said there's a strong outlook for intrinsic value growth per share. The reversal puts Supino in the majority on Wall Street, with half of analysts rating the stock a buy, according to Refinitiv. SPX YTD mountain T-Mobile and the S & P 500, year to date He noted the January downgrade emphasized industry subscriber acquisition costs and general inflation had taken most of the upside to long-term guidance, while forward valuation was risky but justifiable given limitations on the industry. "At today's price and after ~21% YTD underperformance, investors need neither estimate nor multiple upside to outperform," he said in a note to clients. The stock has fallen 9.6% so far this year, an underperformance that has made Supino optimistic the stock will have upside. Shares rose about 0.9% in premarket trading Thursday. His $160 price target implies an upside of 26.4% over where the stock closed Wednesday. Analyst Peter Supino upgraded shares of the telecommunications giant to outperform from peer perform after downgrading them in January. Wolfe Research has once again turned bullish on T-Mobile following a recent bout of underperformance. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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