Forecast Of The Day: T-Mobile Wholesale Revenue

+19.72%
Upside
137
Market
164
Trefis
TMUS: T-Mobile US logo
TMUS
T-Mobile US

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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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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