Analyst Maintains Buy on T-Mobile, Slightly Trims Price Target to $260 Amid Strong Profitability and FCF Outlook
Complete. Here is the key summaryTD Cowen analyst Gregory Williams maintains a Buy rating on T-Mobile US, lowering the price target to $260. The decision reflects strong profitability, robust free cash flow, and healthy customer metrics despite softer revenue. Williams views the cautious Q3 EBITDA guidance as near-term risk rather than structural decline, citing T-Mobile's competitive advantages in network and broadband. Additionally, Goldman Sachs maintained its Buy rating with a $230 price target.
Gregory Williams, an analyst from TD Cowen, maintained the Buy rating on T Mobile US. The associated price target was lowered to $260.00.
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Gregory Williams has given his Buy rating due to a combination of factors, including robust profitability and cash generation despite softer reported revenue. He emphasizes that T-Mobile is still delivering upside in EBITDA and free cash flow, reaffirming its 2026 EBITDA outlook and improving FCF guidance, while continuing to post strong phone churn and account metrics that underscore healthy underlying demand.
Williams acknowledges the more cautious 3Q EBITDA guide, seeing it as reflecting near-term competitive and execution risks rather than a structural deterioration in the story. He argues that T-Mobile’s differentiated network, pricing flexibility, broadband initiatives, and disciplined capacity deployment in FWA position the company to grow faster than the broader industry, supporting a Buy rating even as he trims his price target slightly to $260.
In another report released yesterday, Goldman Sachs also maintained a Buy rating on the stock with a $230.00 price target.