T-Mobile Extends Amdocs Multi-Year Deal, Analysts Maintain $295 Target
T-Mobile has secured a multi-year extension of its partnership with Amdocs to deliver managed services, AI-driven innovation, software development and integration support tied to UScellular, bolstering 4G LTE and 5G networks. Benchmark reiterated its Buy rating with a $295 price target after T-Mobile pulled back 33% from its 12-month high.
1. Partnership Extension with Amdocs
T-Mobile has extended its long-running collaboration with Amdocs through a multi-year agreement covering managed services, software development, AI-driven innovation including generative AI applications, and integration projects tied to UScellular. This deal aims to support T-Mobile’s expansion and operational priorities across consumer and business markets.
2. Analyst Reiterates Buy with $295 Target
Benchmark Capital has upheld its Buy rating on T-Mobile and maintained a $295 price target following a 33% pullback from the stock’s 12-month high. The firm cites network leadership and opportunities for increased market penetration as key drivers for upside.
3. Network Strength and Growth Prospects
T-Mobile serves over 140 million subscribers with 4G LTE, 5G data, messaging, and home broadband services and is targeting deeper penetration in non-top-100 US markets and corporate accounts. The Amdocs extension is expected to enhance network reliability and support future scalability.