Morgan Stanley reaffirmed T-Mobile US as its top pick in the telecom sector on July 10, 2026. The bank lowered its price target for the stock to $230 from $260. This update follows a 10% decline in T-Mobile's share price during 2026.
Analysts addressed investor concerns regarding competition from SpaceX's Starlink satellite service. Morgan Stanley expects T-Mobile to lead the industry in growth despite the satellite internet threat. The firm forecasts T-Mobile will gain 2.5 million postpaid phone net additions in 2026.