T-Mobile US stock gains after JPMorgan keeps it a top pick

Published on 09/02/2026 at 17:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

T-Mobile US stock is supported by a 5.5 percent pullback since second-quarter results and JPMorgan's view that core EBITDA can grow about 8 percent through 2028.

Techniker wartet Antennenanlage auf Hochhausdach vor Skyline, dokumentarisches Schwarzweißfoto — Schwarzweiß-Reportagefoto eines Technikers bei T-Mobile US Inc. (US8725901040), der Antennen auf einem Hochhausdach wartet, Illustration mit AI erstellt.

T-Mobile US stock (ISIN US8725901040) held support after JPMorgan kept it among its top telecom picks, while MarketBeat showed the shares at USD 187.32, up 2.83 percent, at 11:21 AM Eastern on September 2, 2026. The same note said the stock had fallen 5.5 percent since second-quarter results, giving investors a fresh reference point for the move.

Second quarter still drives the debate

According to a JPMorgan view reported by Investing.com, T-Mobile guided third-quarter postpaid account net additions to 250,000, while the bank modeled 260,000. That 10,000-account gap is small in absolute terms, but it marks the part of the story that traders are using to judge momentum into the next report.

The same report said JPMorgan sees about 8 percent core EBITDA growth and 11 percent free cash flow per share growth through 2028. For a carrier already priced as a growth story, those two numbers matter more than broad market noise.

Price and market value

MarketBeat's quote page put T-Mobile US at USD 187.32 on September 2, 2026, with a move of USD 5.16 on the day. It also showed the stock at a market capitalization of USD 193.55 billion and a 52-week range from USD 165.66 to USD 258.66.

Go deeper

T-Mobile US shares after the second-quarter reset

The latest slide and JPMorgan's forecast gap both point to the same issue: how quickly customer adds and cash flow convert into the next leg for the stock.

Phones and cash flow

T-Mobile's product mix still centers on postpaid wireless plans and the handset financing that supports them. The JPMorgan note tied that model to about 8 percent core EBITDA growth and 11 percent free cash flow per share growth through 2028, which is why the stock keeps trading more like a cash-flow story than a pure telecom utility.

Stock level into September

T-Mobile US stock traded at USD 187.32 on September 2, 2026, after the 2.83 percent move shown by MarketBeat. The 52-week band of USD 165.66 to USD 258.66 leaves the shares in the middle of that range, not at the extremes.

T-Mobile US at a glance

Company: T-Mobile US, Inc.
ISIN: US8725901040
Ticker: TMUS
Trading venue: NASDAQ
Price (as of September 2, 2026, 11:21 AM Eastern): USD 187.32
Market capitalization: USD 193.55 billion (as of September 2, 2026)
Sector / Industry: Communication Services / Wireless Telecommunication Services
Index membership: S&P 500