T-Mobile US Q3 Results: TD Cowen Maintains Buy Rating, Lowers Price Target to $263
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TL;DR
TD Cowen keeps a Buy rating on T-Mobile US but cuts the price target to $263 after Q3 results, citing an EBITDA beat and strong subscriber growth, while noting increased competition and concerns over EBITDA guidance.
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T-Mobile USTD CowenQ3 ResultsBuy RatingPrice Target
TD Cowen has maintained a Buy rating on T-Mobile US, Inc. (TMUS) but lowered its price target to $263 from $291 after the company's Q3 2025 results, which included a minor EBITDA beat and solid performance in phone subscriber additions and fixed wireless access customer growth. Despite positive indicators, TD Cowen warns of growing competition in the wireless market and concerns over T-Mobile's EBITDA guidance increase.
