TDS
Telephone and Data Systems Inc
NYSE: TDS · COMMUNICATION SERVICES · TELECOM SERVICES
$43.31
-1.26% today
Updated 2026-06-05
Market cap
$4.57B
P/E ratio
23.62
P/S ratio
3.67x
EPS (TTM)
$1.70
Dividend yield
0.40%
52W range
$25 – $49
Volume
1.0M
Telephone and Data Systems Inc (TDS) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed TDS price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$43.31
Today
Analyst consensus
$53.33
+23.14% · 12M
2030 Base
$7.86
-81.85% future
NPV today
$5.91
@ 6% WACC
5 analysts:
2 Buy3 Hold0 Sell
Management guidance
Management has not provided explicit multi-year revenue targets through 2030. However, Q1 2026 guidance emphasizes fiber expansion (1M+ fiber addresses targeted, Granite State Communications acquisition adding 11K addresses in Q3 2026) and Array Digital consolidation strategy. Capital redeployment from UScellular divestiture toward fiber and tower infrastructure suggests mid-to-high single-digit organic growth trajectory, with M&A as upside driver. No specific CAGR or 2030 revenue target disclosed.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
TDS · Telephone and Data Systems Inc · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$7.86
NPV today: $5.91
Base case (2030)
$7.86
NPV today: $5.91
Bull case (2030)
$23.10
NPV today: $17.35
WallStSmart.com
TDS financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $1.2B | $1.3B | $1.4B | $1.5B | $1.6B | $1.7B |
| Revenue growth | -75.3% | 8.9% | 6.0% | 6.3% | 5.9% | 5.3% |
| Net margin | — | 1.2% | 2.7% | 4.3% | 5.6% | 6.9% |
| EPS | $0.51 | $0.15 | $0.35 | $0.60 | $0.82 | $1.05 |
| Diluted shares | — | 107M | 108M | 109M | 110M | 111M |
| Net debt | — | $848.18M | $840.97M | $833.30M | $825.18M | $816.62M |
| P/S multiple | — | 1.0x | 1.0x | 1.0x | 1.0x | 1.0x |
| Implied price (base) | — | $4.59 | $5.36 | $6.21 | $7.06 | $7.86 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $1.7B | $1.7B | $1.7B |
| P/S multiple | 1.0x | 1.0x | 2.0x |
| Diluted shares | 111M | 111M | 111M |
| Net debt | $816.62M | $816.62M | $816.62M |
| Implied P/E † | 8x | 8x | 22x |
| 2030 Price | $7.86 | $7.86 | $23.10 |
| NPV @ 6% | $5.91 | $5.91 | $17.35 |
† Implied P/E: Multiples remain elevated across all three scenarios because TDS is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $7.86 base case
TDS catalysts and risks
Growth catalysts
+ Array Digital Infrastructure acquisition completion (consolidation efficiency + elimination of minority interest drag)
+ Fiber footprint expansion: 1M+ addresses operational, Granite State Communications integration (11K addresses, Q3 2026 close), additional rural broadband M&A
+ UScellular divestiture capital redeployment into fiber/tower assets with higher ROIC
+ Government broadband subsidies (RDOF, BEAD) deployment acceleration through 2027-2028
+ Potential tower monetization or infrastructure partnership (TDS Telecom towers are strategic asset)
Key risks
- Fiber capex intensity remains elevated through 2028; margin pressure if deployment ROI underperforms management targets
- Competitive pressure from regional fiber overbuilds and fixed wireless access (FWA) disruption to wireline TAM
- Array Digital minority interest acquisition execution risk; all-stock deal (0.86 TDS shares/Array share) dilution if TDS valuation compresses
- Telecom sector structural headwinds: legacy voice/POTS line losses continue; wireless regionals face AT&T/Verizon dominance
- Regulatory/spectrum risk: UScellular spectrum sales assumptions critical to Q2-Q4 2026 liquidity; potential delays impact capex guidance
Methodology · Telephone and Data Systems Inc 2030 stock forecast model
Telephone and Data Systems Inc 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 5 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (4% cumulative for TDS by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($816.62M by 2030) |
| 3. Time value | NPV calculated using 6% WACC (CAPM: beta 0.34) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 1.0x / bull 2.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
TDS price target FAQ
What is the TDS price target for 2030?
WallStSmart's Telephone and Data Systems Inc 2030 base case is $7.86 per share, with a bull case of $23.10 and bear case of $7.86. The NPV of the base case discounted to today at 6% WACC is $5.91.
How is the Telephone and Data Systems Inc 2030 stock forecast calculated?
The TDS 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the TDS price target account for dilution?
Telephone and Data Systems Inc is projected to grow diluted share count from 106M to 111M by 2030 (a 4% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 4%.
What is the analyst consensus on TDS stock?
5 analysts cover TDS with an average 12-month price target of $53.33. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.