T-Mobile US

TMUS · NASDAQ

$157.75+$1.66 (+1.06%)TodayMarket closed · Oct 20, 7:59 PM ET

Prev close $156.09

TMUS analyst rating

BuyConsensus of 22 analysts over the last 12 months. 82% rate it a buy.

Strong buy0
Buy18
Hold4
Underperform0
Sell0

12-month price target · 30 analysts

Average $245.78 (+55.8% upside)

Low: $170.69
Now: $157.75
High: $325.50

Upgrades and downgrades

The latest rating actions, newest first

TMUS analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Raymond James	Oct 12, 2026	Upgrade	Market Perform → Outperform	$170.00	43%
Scotiabank	Oct 9, 2026	Maintains	Sector Outperform	$217.00 → $212.00	53%
Scotiabank	Oct 2, 2026	Maintains	Sector Outperform	$232.00 → $217.00	53%
Barclays	Sep 29, 2026	Maintains	Overweight	$215.00 → $200.00	56%
JP Morgan	Sep 21, 2026	Maintains	Overweight	$275.00 → $260.00	46%
Wolfe Research	Aug 14, 2026	Downgrade	Outperform → Peer Perform	—	53%
UBS	Jul 24, 2026	Maintains	Buy	$255.00 → $235.00	55%
TD Cowen	Jul 24, 2026	Maintains	Buy	$261.00 → $260.00	22%
Wells Fargo	Jul 24, 2026	Maintains	Equal-Weight	$170.00 → $169.00	54%
Barclays	Jul 24, 2026	Maintains	Overweight	$230.00 → $215.00	56%

The case for and against

Updated Oct 14, 2026

Bull case

T-Mobile US is supported by a durable share-gain engine built on superior network perception, record customer satisfaction, and disciplined monetization, with postpaid service revenue up 13% Y/Y, EBITDA up 12%, and free cash flow up 4% in the latest reported period. Its scale is reinforced by roughly 87 million postpaid and 26 million prepaid phone customers, about 30% retail wireless share, plus around 9 million fixed-wireless broadband customers and more than 1 million fiber broadband customers through joint ventures, giving it multiple growth vectors beyond core mobility. Even with premium-multiple pressure from competition and satellite overhang, its 0.85% phone churn, strong ARPA trends, raised FCF guidance to $18.4B-$18.8B, and continued buybacks suggest resilient fundamentals and ample capacity to compound value.

Bear case

T-Mobile US is exposed to execution risk from the Sprint integration and its Challenger strategy, either of which could pressure service quality and operating margins while synergies remain uncertain. Despite serving about 87 million postpaid and 26 million prepaid customers and adding 277,000 postpaid net accounts in Q2, the business faces intense competition from Verizon, AT&T, and cable MVNOs, which limits pricing power and raises the risk of slower growth or churn. Wholesale and other revenue is now expected to be roughly flat, and heavy reliance on fixed-wireless expansion, fiber joint ventures, and wholesale access leaves results vulnerable to capacity constraints, regulatory shifts, and broader macro weakness.

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