T-Mobile Stock Gets A Lift As Subscriber Growth Holds Steady

T-Mobile Stock Gets A Lift As Subscriber Growth Holds Steady

Scotiabank analyst Maher Yaghi upgraded T-Mobile to Sector Outperform and raised the price target to $277.50, sending the stock higher on Wednesday. Yaghi said last week’s 10 drop in T-Mobile shares was an overreaction, noting the company’s phone net adds remain in line with its four-year average. T-Mobile maintained a 35 share of phone net additions in the first quarter, matching its performance in the same period last year and aligning with its four-year average. Yaghi expects 1.5 to 2 annual subscriber growth in 2025, highlighting T-Mobile's steady position. The analyst projected T-Mobile’s second-quarter revenue at $20.81 billion and earnings per share at $2.63.


User: Benzinga

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Uploaded: 2025-05-01

Duration: 00:48