Goldman Sachs Raises T-Mobile Price Target to $230, Sees 35% Upside
Goldman Sachs raised its price target on T-Mobile (TMUS) to $230 from $224, implying 35% upside from current levels. The upgrade comes even as the stock heads for its worst weekly performance in six years.
Key Numbers
Goldman Sachs raised its price target on T-Mobile (TMUS) to $230 from $224, implying a 35% upside from current levels. The update comes despite the stock heading for its worst weekly performance in six years.
Rating Change
- New Price Target: $230
- Previous Price Target: $224
- Rating: Buy (maintained)
Analyst Rationale
The Goldman Sachs analyst believes T-Mobile still has strong growth catalysts, including 5G network expansion and subscriber growth. The recent pullback is seen as a buying opportunity.
Context
T-Mobile stock is heading for its worst week in six years, though no specific catalyst was cited in the report. Despite the weakness, the analyst argues the company's fundamentals support the higher target. Other analysts have mixed views, but Goldman remains among the most bullish.
What to Make of It
The update reflects confidence in T-Mobile's long-term strategy, but investors should be mindful of short-term market volatility.
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