Raymond James analyst Ric Prentiss raised his price target for T-Mobile (TMUS) to $94 from $86 and reiterated a Strong Buy rating following continued strong operating results. In a research note to investors, Prentiss says the merger with Sprint (S) continues to make progress as the DOJ announced its approval of the deal, while the FCC continued its support following the DOJ announcement. The analyst thinks the proposed merger can can drive margins and cash flows higher via scale and the "wedding cake" scenario of low/mid/high band spectrum position NewCo so it can quickly attack the fixed wireless broadband and other 5G markets across the entire U.S.

Bullish option flow detected in SentinelOne with 3,776 calls trading, 1.1x expected, and implied vol increasing over 2 points to 50.36%. Aug-24 35 calls and Apr-24 20.5 puts are the most active options, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 0.21. Earnings are expected on May 30th.