5 5G Stocks to Buy for 2022

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

Number of Hedge Fund Holders: 89  

T-Mobile US, Inc. (NASDAQ:TMUS) provides mobile communication services. In May this year, the company revealed that it had partnered with Nokia on a digital transformation plan that included 5G services and related development. 

Morgan Stanley analyst Simon Flannery recently reiterated an Overweight rating on T-Mobile US, Inc. (NASDAQ:TMUS) stock and raised the price target to $152 from $148, noting the firm remained a top pick in the communications space based on solid fundamentals. 

Among the hedge funds being tracked by Insider Monkey, Greenwich-based investment firm Viking Global is a leading shareholder in T-Mobile US, Inc. (NASDAQ:TMUS) with 10.2 million shares worth more than $1.3 billion.