Well’s Fargo analyst, Eric Luebchow re-initiated the firm’s coverage of T-Mobile with a Overweight rating and a $150 target on the equity. The analyst’s Overweight rating on the company’s stock is based on the premise that T-Mobile is the only growth story in the sector, amid a mature market scenario. Luebchow believes the company will continue to shake up the market and increase free cash flow, contributing a 50 percent plus margin by 2024.
STA Research has a average target of $133, and a consensus Strong Buy rating on the stock. The technical indicator is slightly bullish.