5 Best 5G Stocks To Invest In Right Now

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

Number of Hedge Fund Holders: 98

Ranking 3rd on the list of 12 best 5G stocks to invest in right now is Washington-based wireless network operator T-Mobile US, Inc. (NASDAQ: TMUS). The company first launched its nationwide 5G network in 2019. T-5G Mobile’s ‘Ultra Capacity’ download speed averages 257 Mbps.

In June 2021, T-Mobile US, Inc. (NASDAQ: TMUS) introduced its cheapest 5G-ready mobile phone REVVL for less than $200.

This August, Deutsche Bank analyst Bryan Kraft raised the price target of T-Mobile US, Inc. (NASDAQ: TMUS) to $195 per share from $188 per share and kept his Buy rating on the stock, highlighting solid Q2 results.

The company has a market cap of $178.71 billion. In the second quarter of 2021, T-Mobile US, Inc. (NASDAQ: TMUS) reported an EPS of $0.94, beating estimates by $0.44. The company’s second-quarter revenue came in at $19.95 billion, beating estimates of $566.68 million. Shares of T-Mobile US, Inc. (NASDAQ: TMUS) jumped 26.01% in the last twelve months and 6.19% year-to-date.

By the end of the first quarter of 2021, 98 hedge funds out of the 866 tracked by Insider Monkey held stakes in T-Mobile US, Inc. (NASDAQ: TMUS) worth roughly $9.05 billion. This is compared to 103 hedge funds in the previous quarter with a total stake value of approximately $9.11 billion.

ClearBridge Investments mentioned T-Mobile US, Inc. (NASDAQ: TMUS) in its Q1 2021 investor letter:

“The portfolio’s quality bias and valuation discipline have generated compelling returns over time with typically strong relative results in more challenging environments as it did through the first three quarters of 2020. However, that same quality bias tends to create a more challenging relative performance environment for the Strategy during periods of sharp economic acceleration, which tend to benefit stocks that are more commodity linked or of lower quality. This has been the case during the vaccine- and stimulus-driven rally experienced late last year and during the most recent quarter. Sectors that lagged in the quarter included communication services, where T-Mobile trailed after generating robust returns earlier in the recovery.”