T-Mobile US stock gains 1.18 percent after target cuts
Published on 10/04/2026 at 10:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
T-Mobile US (ISIN US8725901040) was last at USD 163.64 on Nasdaq on October 2, 2026, at 4:00 p.m. ET, up 1.18 percent from a prior close of USD 161.73. The immediate catalyst was a fresh Scotiabank target cut, while the latest quarter continued to show growth in service revenue and customer accounts.
Scotiabank cuts target to USD 217
According to MarketBeat on October 2, 2026, Scotiabank lowered its T-Mobile US price target from USD 232 to USD 217 and maintained a sector outperform rating. Based on the Nasdaq price of USD 163.64, the new target lies 32.6 percent above the stock price.
The adjustment creates a clear tension for investors: operating indicators remain positive, but the latest analyst action places a lower value on the shares. MarketBeat also listed a consensus rating of Moderate Buy and an average target of USD 247.84 from 28 analysts on October 3, 2026.
Q2 revenue and accounts expand
In Q2 2026, T-Mobile US added 277,000 net postpaid accounts, while postpaid service revenue rose 13 percent and total service revenue increased 9 percent, according to Benzinga in its Q2 2026 earnings transcript. The company also raised adjusted free cash flow guidance to USD 18.4-18.8 billion and guided to core adjusted EBITDA of USD 37.1-37.5 billion for fiscal year 2026.
MarketBeat reported Q2 revenue of USD 22.79 billion and diluted earnings per share of USD 2.99, compared with a consensus estimate of USD 2.59. The USD 0.40 EPS beat provides a quantified counterweight to the target reductions issued in late September and early October.
Next results date is October 28
The next scheduled checkpoint is third-quarter 2026 results. MarketScreener reported that T-Mobile US will host its earnings call on October 28, 2026, at 4:30 p.m. ET, with the release and investor materials scheduled for 4:05 p.m. ET. That date gives the stock a defined event risk after the recent price-target reset.
Stock stays near its yearly low
T-Mobile US stock was last at USD 163.64 on Nasdaq on October 2, 2026, with volume of 3,306,030 shares and a 52-week range of USD 160.81 to USD 231.02. The price stood 1.76 percent above the 52-week low, while market capitalization was USD 175.5 billion.
T-Mobile US stock snapshot
- Company: T-Mobile US, Inc.
- ISIN: US8725901040
- Ticker: TMUS
- Trading venue: Nasdaq
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 163.64, last at
- Market capitalization: USD 175.5 billion (as of October 2, 2026)
- 52-week range: USD 160.81-231.02 (as of October 2, 2026)
- Sector / Industry: Communication Services / Telecommunications Services
