Raymond James upgrades T-Mobile US stock to Outperform, target USD 170.00
Published on 10/19/2026 at 09:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and upcoming results
- Raymond James upgraded T-Mobile US to Outperform from Market Perform on October 12, 2026.
- Second-quarter 2026 total revenue rose 7.90 percent year over year to USD 22.79 billion.
- T-Mobile US stock stood at EUR 141.72 at 9:36 a.m. CEST at Lang & Schwarz on October 19, 2026.
- Third-quarter 2026 results are scheduled for October 28, 2026.
T-Mobile US (ISIN US8725901040) stood at EUR 141.72 at Lang & Schwarz on October 19, 2026 at 9:36 a.m. CEST in pre-market trading. Yahoo Finance reported that Raymond James upgraded the stock to Outperform from Market Perform on October 12, 2026 and set a USD 170.00 price target.
Analyst upgrade meets competition
The upgrade followed a sharp reassessment of wireless competition after SpaceX announced plans to expand its satellite and wireless activities. The report said Raymond James viewed the recent weakness as excessive and established a USD 170.00 target, while T-Mobile US closed at USD 159.10 on October 16, 2026.
The valuation case still rests on operating growth. In its second-quarter 2026 report, MarketWatch reproduced company figures showing total revenue of USD 22.79 billion, up 7.90 percent from USD 21.13 billion a year earlier. Net income reached USD 3.24 billion, compared with USD 3.22 billion in the second quarter of 2025.
Three dated steps toward results
On July 23, 2026, T-Mobile US reported second-quarter revenue of USD 22.79 billion through its filed results. On September 17, 2026, T-Mobile announced that its third-quarter earnings call would take place on October 28, 2026. On October 12, 2026, Raymond James raised its rating to Outperform and introduced the USD 170.00 target.
What does the upgrade mean for valuation?
The target is only one part of the debate. T-Mobile US also guided in the second-quarter report for 2026 adjusted free cash flow of USD 18.40 billion to USD 18.80 billion, versus prior guidance of USD 18.10 billion to USD 18.70 billion. That cash-flow range supports the capital-return case, while slower account additions and satellite competition remain key factors for the October results.
October 28 brings the next test
The next scheduled event is the third-quarter 2026 earnings release and call on October 28, 2026. The company enters that date with second-quarter postpaid service revenue of USD 15.85 billion, up 12.60 percent year over year, and adjusted free cash flow of USD 4.80 billion, up 4.40 percent.
Stock price before the open
T-Mobile US was trading at EUR 141.72 at Lang & Schwarz on October 19, 2026 at 9:36 a.m. CEST in pre-market trading. The further course of trading is shown by the continuously updated real-time quote of T-Mobile US stock.
T-Mobile US market facts
- Company: T-Mobile US, Inc.
- ISIN: US8725901040
- Ticker: TMUS
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 19, 2026, 9:36 a.m. CEST): EUR 141.72
- Market capitalization: USD 172.0 billion (as of October 19, 2026)
- 52-week range: USD 147.90-USD 230.54 (as of October 16, 2026)
- Sector / Industry: Communication Services / Telecommunications Services
- Next earnings date: October 28, 2026
Market context: Market report Nasdaq Composite.
