In T-Mobile's recent Q1 earnings report the company made significant improvements with their margins and grew their subscriber bases extensively. We believe strongly that T-Mobile's "Un-Carrier" moves are still paying off in a major way for the business.
For the rest of 2016, we are expecting more big moves and large returns. Here is what we are looking for:
- $36 Billion in total revenue
- 9 Million Net Customer Adds
- At Least $10 Billion in EBITDA
- $1.90 EPS
With those expectations in mind, we are raising our price target from $50 to $57. We are recommending a Strong Buy and advise investors to buy in at the current price point.
John Legere and his team have made significant improvements to their network over the past few years. These improvements have positioned the company to grow leaps and bounds in the future and put them posed to attract millions more customers.