Morgan Stanley Lifts PT on T-Mobile US (TMUS) to $280 from $265, Keeps Overweight Rating

T-Mobile US, Inc. (NASDAQ:TMUS) is one of the best long term low volatility stocks to buy now. On July 16, Morgan Stanley raised the firm’s price target on T-Mobile US, Inc. (NASDAQ:TMUS) to $280 from $265, keeping an Overweight rating on the shares.

T-Mobile US, Inc. (TMUS) "Has Been A Huge, Huge Winner," Says Jim Cramer

A customer checking out their new device at a T-Mobile store, illustrating the convenience and accessibility of retail stores.

The firm told investors in a research note that it raised the estimates for free cash flow for US operators after the newly signed tax law. It further stated that capacity is likely to be allocated to a mix of fiber builds, buybacks, and/or other M&A.

Morgan Stanley also added that while competition is intense, it is not clear whether it is intensifying.

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.

While we acknowledge the potential of TMUS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TMUS and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.