Raymond James Rates T-Mobile US (TMUS) Outperform

T-Mobile US, Inc. gets an upgrade from Raymond James, raising the target price to $170, a 6.88% upside from the current price.

By TradeTexts Research Desk · Published Oct 16, 2026, 1:58 PM EDT

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Raymond James rated T-Mobile US, Inc. ($TMUS) "Outperform" with a $170 price target on October 12, 2026.

Since the rating, $TMUS is up 4.8% to date (from the $151.87 close on Oct 12, 2026).

TMUS T-Mobile US, Inc.

$159.10 -19.00% year to date

Daily close · Oct 16, 2026

Key Points

On October 12, 2026, Raymond James upgraded T-Mobile US, Inc. to an Outperform rating with a price target of $170.
Raymond James's $170 price target implies 6.88% upside from T-Mobile US, Inc.'s ($TMUS) current $159.05 share price.
As of October 16, 2026, T-Mobile's stock trades at $159.05, which is about 6.4% below the new analyst target.
The company has a revenue growth of 7.9% year-over-year and a dividend yield of 2.98%.

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T-Mobile US, Inc. received an upgrade from Raymond James on October 12, 2026. The firm raised its rating to Outperform and set a new price target of $170. This change comes as the stock trades recently at $159.05, reflecting a gap of about 6.4% below the target price.

What Changed in Raymond James's T-Mobile US Position

Raymond James upgraded its rating on T-Mobile US, Inc. to Outperform and set a price target of $170.

Other Institutional Activity in T-Mobile US

Several other institutional investors have also been active with T-Mobile shares. Blackrock Inc. holds 39,499,642 shares worth about $6.28 billion, having increased its position by 383,340 shares. Invesco Ltd. also added to its stake, growing its holdings by 646,603 shares for a total of 31,883,463 shares valued at approximately $5.07 billion. Meanwhile, Vanguard Capital Management LLC trimmed its position by 365,623 shares, finishing with 29,359,860 shares worth around $4.67 billion.

T-Mobile US, Inc. Stock Up 0.8%

As of October 16, 2026, T-Mobile US trades at $159.05, which is below its 50-day moving average of $173.25 and its 200-day moving average of $189.48. The stock is also about 31% off its 52-week high of $230.54 but sits above its 52-week low of $147.90.

12-month forecast

$TMUS price target

T-Mobile US, Inc. daily closes and this analyst's $170 target. Not advice.

Recent Earnings

For the trailing twelve months, T-Mobile reported revenue of approximately $92.2 billion and earnings per share (EPS) of $9.57. The company has a net margin of 11.5% and a return on equity of 18%. Its next earnings report is scheduled for October 28, 2026.

Insider Buying and Selling at T-Mobile US, Inc.

T-Mobile's insiders have been active recently. On May 1, 2026, Officer Andre Almeida bought 5,097 shares at an average price of $196.18, totaling about $1 million. On the same day, Officer Michael J Katz sold 5,000 shares at $195.81, amounting to about $979,050. Chief Operating Officer Jon Freier sold 4,799 shares on May 21, 2026, for approximately $911,810, while Officer Daniel James Drobac sold 772 shares on September 10, 2026, for about $137,671.

Analysts Set New Price Targets

On October 12, 2026, Raymond James upgraded T-Mobile to an Outperform rating with a target price of $170. Earlier, JP Morgan maintained its Overweight rating but lowered its target from $275 to $260 on September 21, 2026. Barclays also maintained an Overweight rating, adjusting its target from $215 to $200 on September 29, 2026.

About T-Mobile US

T-Mobile US, Inc. is a major telecommunications provider in the United States, offering voice, messaging, and data services to various customer segments. The company operates in a competitive market, and this recent upgrade by Raymond James highlights the firm's positive outlook on its future performance.

Bottom Line

Investors should keep an eye on T-Mobile's upcoming earnings report on October 28, 2026, to gauge its financial health. With the stock trading below the new target set by Raymond James, it will be interesting to see how the market reacts to these developments.