Watchlist - Friday, January 26th, 2024:
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Stock Region’s Watchlist - Friday, January 26th, 2024:
1. T-Mobile US ($TMUS)
T-Mobile US, often known as T-Mo, is a leading American wireless network operator, offering competitive deals such as the new Samsung Galaxy S24 for free without any trade-in requirements. Although recent earnings have missed expectations, the company's subscriber growth has surpassed those of AT&T and Verizon.
Key points to consider:
Sprint Merger Synergies: The merger with Sprint is expected to bring significant benefits to T-Mobile in terms of network capacity and cost savings.
Buy Ratings and Price Target: TMUS has received 16 Buy Ratings, 1 Hold Rating, and 0 Sell Ratings this month. The average analyst price target over the past three months is $186.88.
Earnings Growth: Despite missing the Zacks Consensus Estimate of $1.90 per share with quarterly earnings of $1.67 per share, the company's EPS (Earnings Per Share) is forecasted to increase by 22.9% from the previous year's figure, reaching $1.96.
Attractive Financials: T-Mobile's financials look promising, especially with the potential growth from the Sprint merger.
Stock Price Upside: T-Mobile recently eliminated a cap on its stock price, which could potentially lead to a significant increase in 2024.
Stock levels to watch are above $159.10, and below $157.67.