T-Mobile US Inc (NASDAQ:TMUS) shares were climbing in early trading on Thursday, after the company announced strong third-quarter results.

The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.

Oppenheimer On T-Mobile US

Analyst Timothy Horan maintained an Outperform rating, while lifting the price target from $215 to $250.

T-Mobile US reported revenues of $20.2 billion, up 4.7% and beating expectations by 120 basis points (bps), Horan said. The company generated "industry-leading" service revenue growth of 5.1%, driven by the highest ARPA (postpaid average revenue per account) growth in seven years and higher-than-expected postpaid phone net additions, he added.  

The company's postpaid phone net additions of 865,000, which came in 65,000 higher than the estimate, was more than that of Verizon Communications Inc. (NYSE:VZ) and AT&T Inc (NYSE:T) combined, the analyst stated. The company is on track for around 3 million phone adds this year, he further mentioned.

Scotiabank On T-Mobile US

Analyst Maher Yaghi reiterated a Sector Perform rating while raising the price target from $236 to $237.

"T-Mobile reported another strong quarter with continued industry-leading subscriber growth coupled with stringent focus on operating costs leading to a slight beat on EBITDA which supported another guidance increase," Yaghi wrote in a note.

The company continued to be well positioned to maintain industry-leading growth rates on both phone adds and cash generation "as we still see additional growth potential in suburban, rural and enterprise segments in mobile as well as a path towards additional market share gains in broadband," the analyst stated.

KeyBanc Capital Markets On T-Mobile US

Analyst Brandon Nispel reaffirmed an Overweight rating while raising the price target from $230 to $252.

T-Mobile US reported total service revenue of $16.73 billion, up 5.1% year-on-year, beating consensus of 4.7% growth, Nispel said. The company's adjusted EBITDA of $8.22 billion came in higher than consensus of $8.12 billion, he added.

Postpaid phone net adds of 865,000 topped consensus of 749,000, driven by better-than-expected churn, the analyst stated. "We think one of the most impressive achievements is TMUS driving accelerating postpaid phone subscriber growth in the last two quarters, while also raising pricing driving ARPU/ARPA higher," he further wrote.

Check out other analyst stock ratings.

Goldman Sachs On T-Mobile US

Analyst James Schneider maintained a Buy rating while lifting the price target of $220 to $250.

Postpaid phone net adds came in higher than Street expectations, while fixed wireless access net adds of 415,000 also beat consensus of 405,000, Schneider said. Postpaid phone churn came in at 0.86% versus consensus of 0.90%, he added.

T-Mobile US raised its full-year guidance for postpaid net customer adds to 5.6-5.8 million, from its prior projection of 5.4-5.7 million, while its postpaid phone net add guidance stands at 3 million, the analyst stated. The company also raised its core adjusted EBITDA guidance to $31.6-$31.8 billion, from $31.5-$31.8 billion. "T-Mobile's guidance implies room for upside," he further wrote.

Benchmark On T-Mobile US

Analyst Matthew Harrigan reiterated an Equal-Weight rating while raising the price target from $250 to $255.

The company's core EBITDA grew by "a very strong" 8.9% to $8.222 billion, Harrigan said. "Postpaid net customer additions testified to the appeal of T-Mobile's real and perceived 5G leadership with a 1.575M advance, including best-in-a-decade postpaid phone additions of 865K," he added.

The ARPA change "suggests management's guidance is quite credible with possible actual upside if T-Mobile continues to gain momentum among affluent urban market seeking the superior 5G network," the analyst stated.

RBC Capital Markets On T-Mobile US

Analyst Jonathan Atkin reaffirmed an Outperform rating and price target of $232.

The company's free cash flows were 11% above consensus, "driven by higher profit and timing of working capital," Atkin said.

"The company has continued its momentum in gaining share across different markets and consumer cohorts," the analyst stated. Management raised its full-year guidance for postpaid net additions by 150,000 at the midpoint and core adjusted EBITDA by $50 million at the midpoint, he added.

TMUS Price Action: Shares of T-Mobile US had risen by 4.96% to $231.99 at the time of publication on Thursday.

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