Home Trending Stocks Top 5G Stocks to Buy in 2021

Top 5G Stocks to Buy in 2021

The next big thing is here; 5G stocks are steadily growing and there are quite a few good long-term buys in the market now.

With mobile giants moving towards 5G technology, the future prospect for the 5G stocks seems bright and profitable. With the launch of Apple’s 5G iPhone in the recent past and telecom endorsing the advantages of its high-speed services, 5G is the next big thing to look forward to in 2021.


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


In that regard, most of the 5G-based stocks surged significantly during this year. The positive vibes have been coming from 5G stocks as the technology enters its practical phase. With this new beginning, investing in 5G stocks will benefit investors for years—long-term progress.

As we are about to move from 2020 to 2021, there are few long-term stocks in the 5G space. Let’s have a look at three of the best 5G stocks to buy.

T-Mobile (TMUS)

The third-largest U.S. wireless carrier and a prominent telecom firm have made notable progress in 2020. Despite the pandemic impact, a stodgy telecom stock like T-Mobile (TMUS) made outstanding gains. T-Mobile stock has soared up to 70% to date this year.  

With such a massive surge, yet the stock has much more to give as we head into 2021.

T-Mobile’s merger completion with Sprint will make it the first carrier to deploy a true 5G network across the country. The Sprint collaboration allows T-Mobile to make a spectrum advantage over its larger peers, helping it to drive more subscribers. This will lead the stock to potential upside earnings estimate from Wall Street analysts.

T-Mobile would make up to $6 billion on deal synergies. Also, Sprint’s 2.5 GHz mid-band spectrum will help T-Mobile in supporting its 5G network. Recently, the company just revealed a massive 5G hotspot data plan including 100GB of data for almost $50 per month. This will give a competitive advantage as its rival AT&T and Verizon offers 15 GB and 5 GB data in the same package cost, respectively. 

The Bank of America rates the stock as a buy, with a price target of $130 for TMUS stock.

Micron Technology (MU)

Micron Technology, one of the leading chipmakers in the U.S. market, is another favorite when we combine it with 5G technology. The advanced 5G networking needs more memory in the next-generation of mobile phones. This will certainly make the chipmaker stock to benefit from this new evolvement in the technology world. 

The new 5G smartphones will increase the demand for DRAM and NAND flash memory in the next couple of years. Micron believes that the new low-end and mid-range 5G smartphones will have the capacity to equip 6 GB of DRAM in comparison with 2 GB and 4 GB in prior 4G devices.

The company also upgraded its first-quarter earnings and revenue outlook about two weeks ago. The increasing solid memory sales in the recent quarter was key progress. But what’s more important is the new picture of the market with 5G evolution in the next few years.

The CEO of Micron, Sanjay Mehrotra highlighted that more than half-billion a smartphones will have 5G support in 2021.

The raised guidance has already driven the stock to its highest 52-week in the past few days. Most of the analysts anticipate the stock to continue with an upward trend in the next year. Micron Technology will bring a big fortune in the long-term.

Qualcomm (QCOM)

A well-known semiconductor supplier that also receives royalties in its wireless patents, Qualcomm (QCOM) might not seem to be a big fish in the 5G line but it’s one of those few stocks to look forward to.

Recently, Qualcomm entered into an agreement with satellite TV giant Dish (DISH) for building QCOM’s 5G network. This deal has raised the stake of Qualcomm in the future 5G stocks list.

Moreover, QCOM will have a broader impact on the transition of smartphones from 4G to 5G network. Qualcomm is one of the leading suppliers of microchips used in 5G devices.

The company anticipates around 550 million 5G smartphone shipments in 2021. This will drive Qualcomm towards higher revenue and an increase in stock price. 

Bank of America rates QCOM stock as a buy with a price target of $165. While, other analysts expect a median price target of $159 and the highest price target of $194.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

What Drove The STRATA Skin Sciences, Inc. (NASDAQ: SSKN) Stock In Extended Trading?

Shares of dermatology-focused company STRATA Skin Sciences, Inc. (NASDAQ: SSKN) leapt 15.03% to $1.99 in the trading after ring of the bell on Monday....

Why Sundial Growers (SNDL) shares have skyrocketed in intraday trading?

Shares of Sundial Growers (SNDL) have been on a skywalk. As of 10:47 AM EST, the seller, and producer of Cannabis products recorded $1.38...

What Caused 35% Pre-Market Surge In electroCore, Inc. (ECOR) Stock Today?

Shares of electroCore, Inc. (ECOR) has been surging strongly in the pre-market session today following an announcement of exclusive distribution agreement in Australia. The...

Zix Corp (ZIXI) Stock Surged 7% After-Hour For What Reason?

The stock of email security solution provider Zix Corp (ZIXI) has added 7.05% to its value in the after-hours trading on Friday. The company...

Apple Inc. (AAPL) Stocks dip but future prospects for the company seem very positive

On Thursday, Apple shares (NASDAQ: AAPL) closed at $120.99 which is 3.5% lower. In the after-hours session, the price further declined by 0.2%.  The...

Why there is an uncertainty around Palantir Technologies Inc (PLTR)?

Palantir Technologies Inc (PLTR)‎ is a public American software company that specializes in big data analytics. The company has shown a recovery in its...

Here’s What You Should Know About Just Energy Group Inc (JE) Stock

Just Energy Group Inc (JE)‎ stock has shown a rise in the last trading session. JE is a natural gas and electricity retailer based...

ASLAN Pharmaceuticals (ASLN) Stock sees 70% stock price increase due to successful first trial report

ASLAN Pharmaceuticals (NASDAQ: ASLN) moved upward an impressive 73.58% and has reached a share price of $7.69. ASLAN had previously closed at $4.43. This...

Related News

What Drove The STRATA Skin Sciences, Inc. (NASDAQ: SSKN) Stock In Extended Trading?

Shares of dermatology-focused company STRATA Skin Sciences, Inc. (NASDAQ: SSKN) leapt 15.03% to $1.99 in the trading after ring of the bell on Monday....

Why Sundial Growers (SNDL) shares have skyrocketed in intraday trading?

Shares of Sundial Growers (SNDL) have been on a skywalk. As of 10:47 AM EST, the seller, and producer of Cannabis products recorded $1.38...

What Caused 35% Pre-Market Surge In electroCore, Inc. (ECOR) Stock Today?

Shares of electroCore, Inc. (ECOR) has been surging strongly in the pre-market session today following an announcement of exclusive distribution agreement in Australia. The...

Zix Corp (ZIXI) Stock Surged 7% After-Hour For What Reason?

The stock of email security solution provider Zix Corp (ZIXI) has added 7.05% to its value in the after-hours trading on Friday. The company...

Apple Inc. (AAPL) Stocks dip but future prospects for the company seem very positive

On Thursday, Apple shares (NASDAQ: AAPL) closed at $120.99 which is 3.5% lower. In the after-hours session, the price further declined by 0.2%.  The...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.