Scotiabank Cuts T-Mobile US (TMUS) Price Target to $212

T-Mobile US, Inc. (TMUS) received a reaffirmed rating from Scotiabank on October 9, 2026. The firm maintains its Sector Outperform rating and has set a price target of $212. This represents a decrease from their prior target of $217.

Other Institutional Activity in T-Mobile US, Inc.

Several other institutional investors have also held their positions in T-Mobile. Blackrock Inc. has 39,499,642 shares worth about $6.28 billion, while Invesco Ltd. holds 31,883,463 shares valued at approximately $5.07 billion. State Street Corporation increased its stake by 1,302,189 shares, bringing its total to 25,021,478 shares worth about $3.98 billion. Vanguard Capital Management LLC has reduced its position by 365,623 shares, leaving it with 29,359,860 shares valued at around $4.67 billion. Price (T. Rowe) Associates Inc. decreased its holdings by 3,011,774 shares, totaling 25,481,834 shares worth about $4.05 billion.

T-Mobile US, Inc. Stock Up 0.8%

T-Mobile's stock is currently trading at $159.05 as of October 16, 2026. This price is below its 50-day moving average of $173.25 and its 200-day average of $189.48. The stock is also 31.0% below its 52-week high of $230.54 but remains above its 52-week low of $147.90. The current mean price target from analysts is $236.84, leaving a significant gap between the recent price and the target.

Recent Earnings

T-Mobile reported trailing twelve-month revenue of $92.2 billion and an earnings per share (EPS) of $9.57. The company has a net margin of 11.5% and a return on equity (ROE) of 18.0%. Its revenue growth year-over-year stands at 7.9%. The next earnings report is scheduled for October 28, 2026.

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

Insider trading activity has included Officer Andre Almeida, who bought 5,097 shares at an average price of $196.18 for a total value of about $1 million on May 1, 2026. Other insiders, including Officer Michael J Katz and COO Jon Freier, sold shares earlier this year. Katz sold 5,000 shares at a price of $195.81, and Freier sold 4,799 shares at $190.00.

Analysts Set New Price Targets

On October 9, 2026, Scotiabank maintained its Sector Outperform rating on T-Mobile with a target price of $212. Earlier, on September 21, JP Morgan maintained an Overweight rating with a target of $260, while Barclays kept its Overweight rating but lowered the target to $200. The consensus recommendation from analysts is a Buy, with a mean price target of $236.84 from 25 analysts.

About T-Mobile US, Inc.

T-Mobile US, Inc. provides wireless communication services across the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers a range of services including voice, messaging, and data to various customer segments. With a strong market presence, T-Mobile continues to adapt to changes in the telecom industry, making this rating from Scotiabank significant as it reflects confidence in T-Mobile's future performance despite current trading levels.

Bottom Line

T-Mobile's shares are trading below key moving averages, and the stock is significantly under the analysts' mean price target. Investors should keep an eye on the upcoming earnings report on October 28, 2026, for further insights into the company’s performance.