Movement Alert｜T-Mobile US Rises 3.08% in Regular Trading, Raymond James Upgrade Fuels Rebound
Market Focus
Oct 12
On October 12, T-Mobile US rose 3.08% in regular trading, reaching $153.13 per share with turnover of $331 million. The rebound came after Raymond James upgraded the stock to Outperform with a $170 price target, serving as the primary catalyst.
Earlier pressure stemmed from SpaceX's acquisition of nationwide 800 MHz low-band spectrum licenses, which triggered a 12.8% single-day plunge on October 9 and multiple target price cuts from major investment banks. Analysts at JPMorgan now argue that SpaceX faces significant time and capital barriers before it can mount a genuine competitive threat to incumbent carriers, helping restore market sentiment toward T-Mobile US.
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