5 Best 5G Stocks To Buy Now

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

Number of Hedge Fund Holders: 96

T-Mobile US, Inc. (NASDAQ:TMUS) is a Washington-based company that provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. T-Mobile US, Inc. (NASDAQ:TMUS) is one of the best 5G stocks to monitor. On November 10, T-Mobile US, Inc. (NASDAQ:TMUS) announced that it has expanded its 5G Home Internet offering in 70 markets in Illinois, Michigan, and Wisconsin, reaching millions of new customers in the Midwest.

On October 28, Cowen analyst Paul Gallant raised the price target on T-Mobile US, Inc. (NASDAQ:TMUS) to $201 from $187 and kept an Outperform rating on the shares. The analyst noted that the company announced robust Q3 results, driven by industry-leading phone adds, good churn upside, FWA adds upside margins, and a guidance raise.

According to Insider Monkey’s data, 96 hedge funds were bullish on T-Mobile US, Inc. (NASDAQ:TMUS) at the end of Q2 2022, compared to 91 funds in the prior quarter. Andreas Halvorsen’s Viking Global is the largest position holder in the company, with 9.17 million shares worth $1.2 billion. 

In its Q4 2021 investor letter, ClearBridge Investments shared its stance on T-Mobile US, Inc. (NASDAQ:TMUS):

“As mentioned, the communication services sector has come under some pressure, and irrational pricing competition has negatively impacted wireless industry growth and profitability of late, weighing on T-Mobile. Faced with these headwinds, and with pressure from other wireless carriers and cable companies that could cause the company to cede share in subscriber growth in 2022, we exited our position in the fourth quarter.”

You can also take a look at Best Depressed Stocks To Buy and 15 Biggest Mexican Companies in 2022. 

Follow Insider Monkey on Twitter