10 Wonderful Stocks to Buy Now at a Fair Price

5) T-Mobile US, Inc. (NASDAQ:TMUS)

Expected Earnings Growth: 33.8%

Number of Hedge Fund Holders: 64

Forward P/E Multiple (As of September 30): 18.59x

T-Mobile US, Inc. (NASDAQ:TMUS) offers mobile communications services in the US, Puerto Rico, and the United States Virgin Islands.

Wall Street believes that T-Mobile US, Inc. (NASDAQ:TMUS) enjoys a wide economic moat, stemming from its brand, reputation, strong network, and spectrum position. Collectively, these factors should continue to aid the company in gaining market share. Given the strategic partnership to acquire Metronet, together with increased guidance for postpaid customer net additions, T-Mobile US, Inc. (NASDAQ: TMUS) continues to position itself for sustained growth in the telecom industry. The company expects to lead the industry in service revenue growth, core adjusted EBITDA growth, and adjusted FCF growth for the full year.

While T-Mobile US, Inc. (NASDAQ:TMUS) is open to new deals, it is focused on pure-play fiber and partnering to leverage equity. The market experts believe the pricing environment remains sustainable, with significant potential for future pricing actions. The company continues experimenting with 5G broadband pricing to gauge customer response.

Considering the anticipation of normal seasonal churn trends and a strategic approach to capital allocation, T-Mobile US, Inc. (NASDAQ:TMUS) is well-placed to achieve growth in H2 2024. Its network breadth, depth, and technological leadership should continue to act as competitive advantages. For 2024, the company expects postpaid net customer additions to be between 5.4 million – 5.7 million, an increase from the previous guidance of 5.2 million – 5.6 million. Its core Adjusted EBITDA should come in the range of $31.5 billion – $31.8 billion as compared to the prior guidance of $31.4 billion – $31.9 billion.

Tigress Financial upped their price objective on shares of T-Mobile US, Inc. (NASDAQ:TMUS) from $205.00 to $235.00, giving a “Buy” rating on 12^th August. As per Insider Monkey’s Q2 2024 database, T-Mobile US, Inc. (NASDAQ:TMUS) was in the portfolios of 64 hedge funds.