T-Mobile will still show “best in class” growth, but it still faces wireless-sector headwinds, Wells Fargo noted.

On the charts, T-Mobile stock is headed for its fifth loss in the last six sessions as it falls further from a Nov. 27 record high of $248.15. The shares today dipped below their 120-day moving average, which provided support April-May, for the first time since October 2023. Year over year, the equity is up 29.3%.

Fintel reports that on January 6, 2025, Wells Fargo downgraded their outlook for T-Mobile US (NasdaqGS:TMUS) from Overweight to Equal-Weight. Analyst Price Forecast Suggests 15.79% Upside As of December 23,

Inc. fell on Monday following a double downgrade by RBC Capital Markets and Wells Fargo (NYSE:WFC), both of which expressed concerns about the wireless carrier's valuation and

Analysts at RBC Capital Markets reversed their stances on two of the biggest U.S. telecom plays - AT&T, Inc. ($T) and T-Mobile US, Inc. ($TMUS) but retail is uniformly bullish on the two stocks. In a note released over the weekend,