T-Mobile US, Inc. (NASDAQ:TMUS) is one of the Best Beaten Down Growth Stocks to Buy According to Analysts. Wall Street has a mixed opinion on T-Mobile US, Inc. (NASDAQ:TMUS) since it released its fiscal third quarter results on October 23. The company topped EPS estimates for the quarter by $0.20; however, the revenue of $21.96 billion fell short of the consensus by $7.29 million.
Recently, on October 28, Laurent Yoon from Bernstein reiterated a Hold rating on T-Mobile US, Inc. (NASDAQ:TMUS) with a price target of $265.
Earlier on October 23, Michael Funk of Bank of America Securities had also reiterated a Hold rating on the stock with a price target of $270. Funk noted that the company posted strong results during the third quarter. He highlighted subscriber growth, postpaid phone net additions, and service revenue as key indicators where T-Mobile US, Inc. (NASDAQ:TMUS) exceeded expectations.
Additionally, the company updated its guidance, suggesting management’s confidence in the company’s growth potential. However, Funk maintained a Hold rating despite these strong results because he believes the company’s current market valuation already incorporates these performance metrics, thereby reducing further upside.
T-Mobile US, Inc. (NASDAQ:TMUS) provides wireless communication services across the United States, Puerto Rico, and the Virgin Islands under brands including T-Mobile, Metro by T-Mobile, and Mint Mobile.
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Disclosure: None. This article is originally published at Insider Monkey.
