T-Mobile US (NASDAQ:TMUS) Stock Gets Price Target Trim from KeyCorp

Posted by George Bondi on Oct 29th, 2026

T-Mobile US (NASDAQ:TMUS – Get Free Report) had its price target cut by KeyCorp from $250.00 to $240.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the Wireless communications provider’s stock. KeyCorp‘s price target would indicate a potential upside of 60.52% from the company’s previous close.

TMUS has been the topic of several other reports. Moffett Nathanson raised their price objective on T-Mobile US from $242.00 to $246.00 and gave the stock a “buy” rating in a research note on Tuesday, September 22nd. UBS Group dropped their target price on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a research report on Monday, September 28th. Benchmark decreased their price target on shares of T-Mobile US from $295.00 to $280.00 and set a “buy” rating for the company in a report on Friday, July 24th. Finally, Scotiabank lowered their price objective on shares of T-Mobile US from $217.00 to $212.00 and set a “sector outperform” rating for the company in a research report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $241.79.

Read Our Latest Report on T-Mobile US

T-Mobile US Stock Up 1.0%

NASDAQ:TMUS opened at $149.52 on Thursday. The company has a market capitalization of $160.38 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 0.91 and a beta of 0.33. T-Mobile US has a one year low of $143.75 and a one year high of $224.75. The stock has a 50-day simple moving average of $168.32 and a 200 day simple moving average of $187.39. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92.

T-Mobile US (NASDAQ:TMUS – Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.33. The firm had revenue of $23.58 billion for the quarter, compared to analysts’ expectations of $23.15 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%. T-Mobile US’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.41 earnings per share. Sell-side analysts predict that T-Mobile US will post 11.17 EPS for the current fiscal year.

Insider Buying and Selling

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of T-Mobile US stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total transaction of $137,670.76. Following the transaction, the chief accounting officer directly owned 35,118 shares in the company, valued at approximately $6,262,592.94. The trade was a 2.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

Institutional Trading of T-Mobile US

Hedge funds and other institutional investors have recently modified their holdings of the company. Main Street Group LTD purchased a new stake in shares of T-Mobile US during the 1st quarter worth about $25,000. Paladin Partners LLC acquired a new stake in shares of T-Mobile US during the 2nd quarter valued at about $25,000. Dunhill Financial LLC bought a new stake in shares of T-Mobile US in the 2nd quarter valued at approximately $27,000. Highland Investment Advisors LLC bought a new stake in shares of T-Mobile US in the 2nd quarter valued at approximately $30,000. Finally, Sachetta LLC grew its stake in shares of T-Mobile US by 52.9% in the 1st quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock valued at $33,000 after buying an additional 55 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

Positive Sentiment: Q3 results exceeded expectations. T-Mobile reported adjusted earnings of $3.22 per share versus the $2.89 consensus estimate, while revenue rose 7.4% year over year to $23.58 billion, above forecasts. Net income reportedly increased 27%, helped by postpaid customer growth and higher-value plan adoption. T-Mobile US Q3 earnings report
Positive Sentiment: Premium plans are lifting profitability. Management highlighted stronger average revenue per account, increased premium-plan adoption and industry-leading service-revenue growth. The company also raised its annual free-cash-flow forecast and maintained an optimistic full-year outlook, supporting the investment case and potential shareholder returns. Reuters article on T-Mobile free cash flow
Positive Sentiment: Customer offers appear to be resonating. T-Mobile added more customer accounts than analysts expected and launched customizable T-Mix plans, allowing subscribers to select benefits such as streaming and gaming services. The strategy could improve retention and support additional revenue growth. TheStreet article on T-Mix plans
Neutral Sentiment: SpaceX partnership talks were rejected. T-Mobile’s CEO said there is “no room” for an MVNO or broader SpaceX deal. Avoiding a potentially costly arrangement may benefit margins, but the comments also focus attention on whether SpaceX could eventually build a competing terrestrial wireless network. Mobile World Live article on SpaceX talks
Negative Sentiment: Some guidance details remain less favorable. Full-year postpaid net-account additions are expected near the midpoint of prior guidance, while the company narrowed its profit forecast. Separately, reports that Deutsche Telekom has slowed plans for a major T-Mobile merger add uncertainty around future corporate strategy. Wall Street Journal article on T-Mobile earnings

About T-Mobile US

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T-Mobile US, Inc (NASDAQ: TMUS) is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States, Puerto Rico and the U.S. Virgin Islands. Its offerings include postpaid and prepaid wireless plans, connected devices, broadband internet and other communications services.

The company operates a nationwide wireless network, including 5G services, and sells smartphones, tablets, connected devices and related accessories through retail stores, online channels and third-party distributors.