T-Mobile Reiterates Q4 Growth But Flags Drop In Device Upgrade Rates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 10 2024
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Source: Benzinga
T-Mobile's Q4 Outlook: T-Mobile's CEO Mike Sievert warned investors about potential risks in the fourth quarter, citing a low device upgrade rate, which contributed to a nearly 10% drop in stock value. Despite this, the company anticipates continued customer and revenue growth through 2027.
Strong Third Quarter Performance: T-Mobile reported a record third-quarter revenue of $20.16 billion, exceeding analyst expectations, with significant postpaid customer additions and a milestone of 6 million broadband customers, while maintaining positive projections for net customer additions and adjusted EBITDA.
Analyst Views on PKW
Wall Street analysts forecast PKW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PKW is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 136.824
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
