Sprint's stock is up after Goldman Sachs buy recommendation

Sprint's stock is up after Goldman Sachs buy recommendation
Sprint's banking that the HTC EVO 4G will spur on some much needed sales to get back them into the profitable marks when it comes down to their bottom lines, but they're getting a boost today in the correct direction thanks to a buy recommendation. Looking quite healthy during the morning trading, Sprint's shares are up and hovering between 8 percent and 10 percent after Goldman Sachs gave them a buy recommendation which moved them from a neutral position. Still, this looks like it's impressing traders as it has been trading around $4.78 and up. This could be one of the signs that Sprint's CFO was heard to foresee in getting them into profitable revenues and bring them back to greener pastures. In the end, we'll see if the HTC EVO 4G is what the doctor ordered in patching up the wound Sprint has been bleeding for quite some time.

HTC EVO 4G Specifications | Hands-on

source: Sprint Connections



1. belve14

Posts: 113; Member since: Mar 31, 2009

Not sure if 1 phone can patch the wound sprint has been suffering from but it will help alot...I love sprint I rarely ever have a problem with service or customer service. They just have to speed up the wimax 4g network i think that will patch the wound alot more than one phone...in my opinion I think that the EVO is a great phone but its the potential of having 4g that makes it an outstanding phone. Other than that it is alot like the INC for Verizon. LTE can come out and it will boom but the prices are going to get worse for each carrier so it should be interesting how things will play out for Sprint and Clearwire

2. JeffdaBeat unregistered

Let's be honest, no one phone can save a carrier. And I know everyone will cite the iPhone, but Cingular/AT&T wasn't doing all that bad when they picked up the iPhone... Sprint's savior was supposed to be the Samsung Instinct and that didn't spur anything. Then came the Palm Pre...again no mass migration to Sprint. Sprint simply needs to shed off the customers that want out of the company and rebuild from there. I think as time goes forward, people will realize the true value in Sprint over T-Mobile and the extra features you don't get from Verizon and AT&T.


Posts: 1459; Member since: Mar 09, 2010

not true...the instinct was a big flop, and so was the the Palm Pre. They finally have a worthy phone to start a better line up of phones. The problem now will be marketing strategies. So far the Sprint commercials are very uninspiring and quite lame! AT&T fell from 1st place to second place even after merging with Cingular that gave them the lead as the #1 carrier any way. Now their highest droppped callls, people not being able to get calls inside their homes, and that one trick pony flagship Iphone put them in second place. When the Iphone exclusivity contract leaves AT&T the jig is up for them for sure. They didn't slip from 1st to second after buying their way to the top because they are the best.ROFL. The Iphone did for AT&T what they couldnt do with out it......get new loyal customers because of a great phone! The people are more loyal to the iPhone rather than AT&T, and AT&T knows this. The droid helped Verizon to take over ther number 1 postion. Great service and high prices didn't get them there. The Droid is partly responsible for a mass exodus of people from AT&T and other carriers to Verizon. Verizon gets it.....people want great customer incentives for being a loyal cusotmer, and great phones that work. Verizon now hold's back phones that don't work instead of selling them to people, and losing a customer. Sprint is now following that path as well. Now they must offer other phones to suit other peoples tast in their line up!

4. stuntz

Posts: 178; Member since: Dec 19, 2008

im sure Verizon got to 1st after buying alltel...

5. lsutigers

Posts: 832; Member since: Mar 08, 2009

The Instinct and Palm Pre were not flops, both sold like crazy, particularly the Instinct. However, I do agree that there is no way a phone will ever bring Sprint to the top. Hopefully, they will continue to improve cs and succeed with 4g and ultimately customers will realize the great value and high quality service that they offer.

6. Sellcell

Posts: 118; Member since: Mar 16, 2010

this is very true about Verizon buying Alltel to become #1

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