7/108 sources · 7 publishersUpdated Oct 12, 18:25 UTC
Raymond James upgrades T‑Mobile to Outperform with $170 price target
Raymond James raised T‑Mobile US Inc. (TMUS) to an Outperform rating from Market Perform and set a new price target of $170. The firm said concerns about competition from SpaceX are overstated and that T‑Mobile’s spectrum holdings and 5G network give it a strong competitive edge. The upgrade came as the stock was trading near its 52‑week low and had fallen sharply after SpaceX announced a spectrum purchase.
Why it matters
The upgrade and $170 target suggest upside from the current price of about $152, which could attract buying interest. Analysts view the rating change as a catalyst for a short‑term rally.
Key facts
- 1Raymond James upgraded T‑Mobile to Outperform and set a price target of $170.00. investing.com
- 2The stock was near its 52‑week low of $147.90 and down 26% year‑to‑date. investing.com
- 3T‑Mobile rose about 1% in pre‑market trading after the upgrade. tipranks.com
- 4Shares gained 1.4% on Monday after a 13.3% drop on Friday. tradingview.com
- 5The rally pushed the price to $152.92, a 2.9% increase. investing.com
Open questions
- Pre‑market gain is reported as 1%, 1.4% and 2.9%.
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.