10 Best Cheap Stocks for Beginners to Invest In

7. T-Mobile US, Inc. (NASDAQ:TMUS)

T-Mobile US, Inc. (NASDAQ:TMUS) is one of the best cheap stocks for beginners to invest in. On April 16, Morgan Stanley assumed coverage of T-Mobile US, Inc. (NASDAQ:TMUS) with an Overweight rating, setting a price target of $260. The firm identified the stock as a Top Pick, stating that wireless service revenue growth is “the lifeblood of the industry”. It believes that T-Mobile US, Inc. (NASDAQ:TMUS) remains “best positioned on both the price and volume sides of the equation”, adding that the company benefits from the most favorable pricing dynamics in the industry.

T-Mobile US, Inc. (NASDAQ:TMUS) also received a rating update from MoffettNathanson on April 8. The firm upgraded the stock to Buy from Neutral, setting a $254 price target and telling investors that while there is “a lot to like about T-Mobile”, the “best part of the story” is that the company has a reliable growth story in rural America. It added that T-Mobile US, Inc.’s (NASDAQ:TMUS) share in non-urban America has been rising steadily since 2016.

T-Mobile US, Inc. (NASDAQ:TMUS) provides wireless communications services under the T-Mobile and MetroPCS brands. The company offers prepaid and postpaid wireless messaging, voice, and data services, along with wholesale wireless services.