T-Mobile Surges Past Target Price: What Analysts Are Saying
In recent trading, shares of T-Mobile US Inc (Symbol: TMUS) have crossed above the average analyst 12-month target price of $256.74, changing hands for $258.70/share. Once a stock reaches an analyst’s target, they usually have two choices: either downgrade the stock due to valuation or raise their target price. The decision often hinges on the company’s performance and any positive developments that might suggest further growth.
Analysts from the Zacks coverage universe contribute to T-Mobile’s average target price. Currently, there are 26 different analyst projections, revealing a range in outlooks. For instance, while one analyst has a target at $190.25, another is more optimistic, setting a price at $280.00. The standard deviation among these forecasts is $20.947, indicating varied views in the market.
The rationale for considering the average TMUS price target lies in the collective insights from numerous analysts rather than relying on a single expert’s opinion. With TMUS trading above that average price of $256.74/share, investors must now reflect on their investment strategies: Is the price merely a stepping stone toward an even higher target, or has the valuation reached levels that prompt a cautious approach? The following table highlights current analyst sentiments towards T-Mobile US Inc:
| Recent TMUS Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 16 | 15 | 18 | 18 |
| Buy ratings: | 2 | 2 | 3 | 3 |
| Hold ratings: | 8 | 8 | 4 | 4 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 1.8 | 1.83 | 1.56 | 1.56 |
The average rating shown in the table uses a scale from 1 to 5, where 1 signifies Strong Buy and 5 indicates Strong Sell. The data presented in this article comes from Zacks Investment Research via Quandl.com. For the latest Zacks research report on TMUS, click here — FREE.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
