On October 9, T-Mobile US fell 6.02% overnight, trading at $160.99/share, with turnover of $33,200.
The core pressure came from a dense wave of investment bank target price cuts. Scotiabank lowered its target from $232 to $217, Barclays from $215 to $200, Goldman Sachs from $230 to $211, JPMorgan from $275 to $260, Deutsche Bank from $285 to $250, and Benchmark from $295 to $280.
Although T-Mobile US announced a quarterly dividend increase from $1.02 to $1.17 and launched AI-driven AutoPilot network features to strengthen network resilience, these positives were insufficient to offset the selling pressure triggered by the coordinated target price reductions. Additionally, news that SpaceX agreed to acquire a nationwide spectrum license portfolio intensified competitive concerns across the telecom sector, further pressuring T-Mobile US shares in extended trading.
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