Benchmark Reiterates Buy Rating on T-Mobile US, (TMUS)

Benchmark analyst Matthew Harrigan reiterated a Buy rating and $295.00 price target on T-Mobile US, (NASDAQ: TMUS).

The analyst commented, "We were encouraged by T-Mobile’s Capital Markets Day notwithstanding an initial reflexive sell-off following a very slight post-paid mobile miss for 4Q25 (delivered 962K vs. consensus 982K, Benchmark 950K) even with relatively ‘Goldilocks’ guidance. CEO Srini Gopalan delineated T-Mobile’s structural network advantages, especially its mid-band 2.5Ghz spectrum with a denser grid equating to a 5G capacity advantage and a three-four-year architectural advantage, and how they practically equate to a superior customer experience. Positives including increasing but still substantially lagging consumer awareness of T-Mobile’s network advantages (remarkably only 26% aware) with J.D. Power finally recognizing its network as #1 after seventeen years. This is bookended by T-Mobile’s commitment to providing superior pricing for both back book and new customers with a 12-15% pricing advantage for seasoned customers and new customers garnering 20-30% better value. This is as T-Mobile remains substantially underpenetrated in smaller markets (now at just 24%) and corporate customers who are highly attentive to network quality. T-Mobile should in our view maintain substantial growth in any network slowdown or K-shaped economic pullback as superior switching share dominates net industry unit growth. It is deemphasizing device subsidization while remaining competitive on a three-year device upgrade cycle."

For an analyst ratings summary and ratings history on T-Mobile US, click here. For more ratings news on T-Mobile US, click here.

Shares of T-Mobile US, closed at $209.54 yesterday.

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