BUZZ-Street View: Despite SpaceX risks, T-Mobile's network advantages and pricing power continue to support its growth

October 29 - ** T-Mobile US (TMUS.O) raised the lower end of its annual adjusted free cash flow forecast on Wednesday (link), after the wireless carrier exceeded market expectations for quarterly revenue thanks to robust user growth.

** Pre-market shares rose 3.32%, trading at $153

Valuation reset, SpaceX risk

** Oppenheimer (“Outperform” rating, price target: $260) said TMUS’s network advantage and pricing about 15% lower than peers support its competitiveness, while physical artificial intelligence and edge computing offer long-term growth potential

** “Industry price wars and competition from SpaceX SPCX.O present risks, but TMUS is better positioned than peers to withstand these threats” — Oppenheimer

** JPMorgan (“Overweight”, price target: $235) said that despite a softer fourth-quarter outlook, postpaid income growth and increased market share continue to support TMUS

** Scotiabank (“Sector Perform”, price target: $214) commented, “The current focus of discussion has shifted to the sustainability of price-driven growth, as well as capital allocation between shareholder returns and spectrum investments”

** TD Cowen (“Buy”, price target: $258.00) pointed out that TMUS’s network, pricing, and customer experience are driving postpaid business growth, but uncertainty around SPCX may limit further upside for the share price

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