T-Mobile US, (TMUS) FWA App Downloads Up ~30% QoQ - Morgan Stanley

Morgan Stanley analyst Simon Flannery reiterated an Overweight rating and $159.00 price target on T-Mobile US, (NASDAQ: TMUS), highlighted that FWA app downloads were up ~30% sequentially in Q3. The stock is a Top Pick for the firm.

The analyst commented, "... the latest data from Sensor Tower shows a record 383k T-Mobile Home Internet app downloads in September, which is up 6% from 363k in August. This puts total 3Q22 downloads at 1.07mn, up 29% from 834k in 2Q22. T-Mobile's momentum through the quarter could
relate to both improved seasonality (back to school) and the launch of a nationwide capped FWA product."

For an analyst ratings summary and ratings history on T-Mobile US, click here. For more ratings news on T-Mobile US, click here.

Shares of T-Mobile US, closed at $134.17 yesterday.

You May Also Be Interested In

• Morgan Stanley Upgrades Merck (MRK) to Overweight
• Centrus Energy Corp. (LEU) PT Raised to $185 at UBS
• Wolfe Research Downgrades T-Mobile (TMUS) to Peerperform