Forecast Of The Day: T-Mobile Wholesale Revenue
What?
T-Mobile’s (NASDAQ:TMUS) Wholesale And Other Revenue rose from under $3 billion in 2019 to almost $7 billion in 2021. Trefis expects the metric to grow to over $8.5 billion by 2023.
Why?
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- What’s Happening With T-Mobile Stock?
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While the growth was driven in part by the 2020 acquisition of Sprint, T-Mobile is likely to benefit from growing demand from mobile virtual network operators and also from the Internet of things trend.
So What?
We don’t think the projected growth in T-Mobile’s revenue is fully priced into its stock yet. We value TMUS at $164 per share, about 33% ahead of the current market price.
See Our Complete Analysis For T-Mobile
What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.
| Returns | May 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| TMUS Return | 1% | 7% | 118% |
| S&P 500 Return | -5% | -18% | 76% |
| Trefis Multi-Strategy Portfolio | -8% | -23% | 202% |
[1] Month-to-date and year-to-date as of 5/13/2022
[2] Cumulative total returns since the end of 2016
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