T-Mobile named one of top defensive stocks by BofA Securities

T-Mobile US Inc. is named one of the 10 best defensive stocks to buy in a volatile market, with BofA Securities reinstating coverage with a ‘Neutral’ rating and $255 price target on July 7. Concerns about the stock’s premium valuation and industry leadership in postpaid phone net ads are noted.

BofA remains cautious about T-Mobile’s high institutional ownership and record-high growth forecasts, suggesting limited upside potential. Despite this, the company boasts $31.6 billion in EBITDA and 5.3% revenue growth over the last 12 months, positioning it well to compete with cable companies through competitive pricing and promotional offers.

While T-Mobile presents potential as an investment, certain AI stocks offer greater upside with less downside risk. For those seeking an undervalued AI stock poised to benefit from Trump-era tariffs and the onshoring trend, a free report on the best short-term AI stock is available.

Read more at Yahoo Finance: BofA Securities Reiterates ‘Neutral’ Rating on T-Mobile (TMUS)