Bank of America Upgrades T-Mobile with $220 Price Target, Citing Satellite Resilience
TMUS•Bank of America upgraded T-Mobile US from neutral to buy with a $220 price target, citing resilience against satellite competition. Shares have fallen 26% over the past year, short interest has risen 25.6% to 4.8% of float, and the stock’s volatility score stands at 75/100.
1. Bank of America Upgrade
Bank of America raised T-Mobile’s rating from neutral to buy and set a $220 price target, arguing that the company is best positioned to withstand competitive pressure from emerging satellite services.
2. Recent Share Performance
T-Mobile shares hit a 52-week low of $165.66 on June 30 and have dropped 26% over the past 12 months, with the $170 area serving as recent support and the descending 50-day moving average exerting overhead resistance.
3. Short Interest and Volatility
Short interest increased 25.6% over the last two reporting periods, now accounting for 4.8% of the float and requiring nearly a week to cover. The stock’s volatility score of 75 out of 100 indicates realized price swings have exceeded option-implied volatility over the past year.
