Goldman Sachs Lowers T-Mobile US Price Target to 211 Despite Strong Earnings

Goldman Sachs adjusted its outlook for T-Mobile US, lowering its price target from USD 230.00 to USD 211.00 on September 26, 2026, while maintaining a Buy rating. The move comes as T-Mobile's stock, trading at USD 165.66 on September 24, 2026, sits 31.65 percent below its 52-week high of USD 242.37. Despite this reduction, the company's second-quarter 2026 earnings revealed a 7.90 percent year-over-year revenue increase to USD 22.79 billion, though this fell short of the USD 22.95 billion consensus. Earnings per share, however, surpassed expectations at USD 2.99 compared to the USD 2.59 consensus.

Analysts remain divided on T-Mobile's valuation. While Goldman Sachs trimmed its target, Moffett Nathanson raised its target from USD 242.00 to USD 246.00 on September 24, 2026, also retaining a Buy rating. The discrepancy highlights the sensitivity of valuation expectations to service-revenue growth and competitive pricing dynamics.

T-Mobile US also announced a quarterly cash dividend of USD 1.17 per share on September 24, 2026, marking a 15.00 percent increase from the previous USD 1.02. The dividend is set to be paid on December 10, 2026, to shareholders of record on November 25, 2026. The company's next major operating checkpoint will be its third-quarter earnings report, scheduled for release on October 28, 2026.

As of October 5, 2026, T-Mobile US was trading at EUR 145.53 on Lang & Schwarz, up 0.15 percent from the prior close of EUR 145.31 on October 2, 2026. The primary Nasdaq quote was last at USD 163.64 on October 2, 2026. The stock's market capitalization stood at USD 175.5 billion as of October 2, 2026.