Raymond James upgrades T-Mobile US stock to Outperform

Published on 10/14/2026 at 10:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Raymond James set a USD 170.00 target on October 12, 2026. T-Mobile US stock trades at EUR 137.39 on October 14, 2026.

Analyst view and reporting date

Raymond James upgraded T-Mobile to Outperform and set a USD 170.00 target on October 12, 2026.
T-Mobile US reported USD 22.79 billion in revenue for the second quarter of 2026.
T-Mobile US stock traded at EUR 137.39 at 10:39 a.m. CEST at Lang & Schwarz on October 14, 2026.

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T-Mobile US (ISIN US8725901040) stock was trading at EUR 137.39 at Lang & Schwarz on October 14, 2026 at 10:39 a.m. CEST. On October 12, 2026, Investing.com reported that Raymond James upgraded T-Mobile from Market Perform to Outperform and set a USD 170.00 price target. The call puts the recent SpaceX competition debate beside T-Mobile's latest operating figures.

What does the upgrade change?

Raymond James analyst Frank Louthan said the potential SpaceX threat remains several years away and argued that T-Mobile's spectrum holdings and terrestrial network provide an important competitive advantage. The USD 170.00 target is an analyst view, not a company forecast, and the report also acknowledged that T-Mobile trades at a premium to peers.

The timing matters because T-Mobile's next quarterly update is approaching. T-Mobile said on September 17, 2026, that it will publish third-quarter 2026 results on October 28, 2026, with the earnings call scheduled for 4:30 p.m. ET.

Second-quarter figures set the baseline

For the second quarter of 2026, T-Mobile reported USD 22.79 billion in revenue, USD 3.24 billion in net income attributable to common shareholders and diluted earnings per share of USD 2.99. Its operating cash flow was USD 7.50 billion for the same period. Benzinga also reported 277,000 postpaid net account additions and 13 percent growth in postpaid service revenue for the quarter.

October 28 brings the next test

The scheduled third-quarter release gives investors a dated checkpoint for subscriber growth, service revenue and management commentary on satellite competition. The company has guided to adjusted free cash flow of USD 18.40 billion to USD 18.80 billion for fiscal year 2026, while the second-quarter cash flow result provides a recent operating reference.

T-Mobile US was trading at EUR 137.39 at Lang & Schwarz on October 14, 2026 at 10:39 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of T-Mobile US stock.