T-Mobile US saw its fair value estimate trimmed from $259.08 to $253.88 per share, a roughly 2% reduction reflecting a more conservative stance on the stock. The adjustment comes as analysts reassess competitive risks from SpaceX's Starlink and the value of T-Mobile's spectrum position and partnerships. BofA upgraded T-Mobile to Buy with a $220 price target, arguing the market reaction to satellite competition has been too harsh, while Bernstein cut its target to $220 from $245 and flagged Starlink as an added competitor in a mature broadband market. UBS trimmed its target to $255 from $300 but maintained a Buy rating, and Wells Fargo initiated coverage at Equal Weight with a $170 target, citing concerns that satellite competition and potential MVNO decisions could weigh on valuation multiples. T-Mobile also reported first-quarter 2026 earnings ahead of expectations, expanded its shareholder return program to $18.2 billion, and is preparing to shut down its 2G network in August 2026 as spectrum is reallocated to 5G.
T-Mobile US IncAnalysts cut fair value estimates and targets citing Starlink competition and satellite risk.
Space Exploration Technologies Corp. Class A Common StockStarlink is cited as a competitive threat to T-Mobile, which is positive for SpaceX as a rival.
