Wells Fargo thinks that T-Mobile is positioned well to take market share from its key rivals going forward. The bank upgraded the telecommunications stock to an overweight rating from equal weight. Analyst Eric Luebchow accompanied the move by lifting his price target to $260 from $250. Shares of T-Mobile have added 3% this year. Luebchow’s revised price forecast offers upside of 15% from here. TMUS YTD mountain TMUS YTD chart “The premium multiple versus T and VZ has compressed, and while the stock still trades at a premium to peers, we believe it’s better positioned to outperform from current levels,” Luebchow wrote. The analyst noted that T-Mobile is poised to maintain its leadership position in the industry in terms of subscriber and service revenue growth. Specifically, Luebchow noted that T-Mobile has room to run in the two key growth segments of rural and enterprise markets. Within the enterprise and small-to-midsize business space, T-Mobile is already taking share from industry incumbent Verizon. Meantime, Luebchow expects that “the future of share taking” will come from more rural markets and will be strengthened by T-Mobile’s recent acquisition of US Cellular’s wireless operations. “We expect that TMUS can easily maintain its leadership position in postpaid subscriber growth in the years ahead, particularly within postpaid phones,” the analyst added. “While there has been a broad-based worry about industry growth headwinds slowing down TMUS’s trajectory, we expect that [it] can continue to add 2.5-3.0MM new postpaid phone subs in the years ahead (including > 3MM in 2025) and continue to grow market share vs. its Big 3 peers (T and VZ).” ( Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here . )
