T-Mobile Stock (TMUS): $149 Price Target From Morgan Stanley

By Amit Chowdhry ● Updated January 14, 2022
  • The shares of T-Mobile US Inc (NASDAQ: TMUS) have received a $149 price target from Morgan Stanley. These are the details.

The shares of T-Mobile US Inc (NASDAQ: TMUS) have received a $149 price target from Morgan Stanley. And Morgan Stanley analyst Simon Flannery is maintaining an “Overweight” rating on the company shares.

The adjustment was made ahead of the company’s fourth-quarter earnings report expected in early February. Flannery cut the estimates for 2022 in order to account for higher Sprint churn, a more conservative synergy assumption, and higher CAPEX.

The 2022 postpaid phone net adds estimate came down 620,000 to about 2.6 million — which is partially offset by higher expectations for fixed wireless net adds.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.