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.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Scotiabank analyst Mahler Yagi upgraded T-Mobile to sector outperform,
00:06raised the price target to $277.50, setting the stock higher on Wednesday.
00:11Yagi said last week's 10% drop in T-Mobile shares was an overreaction,
00:15knowing the company's phone net ads remain in line with its four-year average.
00:19T-Mobile maintained a 35% share of phone net additions in the first quarter,
00:24matching its performance in the same period last year and aligning with its four-year average.
00:28Yagi expects 1.5% to 2% annual subscriber growth in 2025, highlighting T-Mobile's steady position.
00:36The analysts project the T-Mobile's second quarter revenue at $20.81 billion
00:40and earnings per share at $2.63.
00:43For all things money, visit Benzinga.com slash GSTV.