AT&T Inc.

T · NYSE

Low target$24.00
Average target$29.56
High target$36.00

Analyst ratings

buy · 12 ratings

DateFirmActionRatingPrice target
July 15, 2026ScotiabankMaintainsSector Perform$29.25
July 8, 2026BarclaysMaintainsEqual-Weight$24.00
July 7, 2026Morgan StanleyMaintainsOverweight$25.00
May 20, 2026RBC CapitalReiteratesOutperform$31.00
April 23, 2026BNP ParibasMaintainsNeutral$26.00
April 23, 2026ScotiabankMaintainsSector Perform$31.00
April 1, 2026ScotiabankMaintainsSector Perform$31.50
March 25, 2026KeybancMaintainsOverweight$36.00
March 23, 2026CitigroupMaintainsBuy$31.50
March 9, 2026ScotiabankMaintainsSector Perform$31.00
January 26, 2026Wells FargoMaintainsOverweight$27.00
January 16, 2026BernsteinMaintainsOutperform$30.00
January 13, 2026BarclaysMaintainsEqual-Weight$26.00
December 22, 2025CitigroupMaintainsBuy$29.00
December 19, 2025Goldman SachsMaintainsBuy$29.00
December 10, 2025Morgan StanleyMaintainsOverweight$30.00
October 23, 2025TD CowenMaintainsHold$33.00
October 23, 2025RBC CapitalMaintainsOutperform$30.00
October 23, 2025BarclaysMaintainsEqual-Weight$28.00
October 16, 2025Wells FargoMaintainsOverweight$29.00
October 1, 2025BarclaysDowngradesEqual-Weight$30.00
September 18, 2025Raymond JamesReiteratesStrong Buy$33.00
September 4, 2025BernsteinMaintainsOutperform$32.00

Analyst price target divergence and near-term stock trajectory

Bull case

Citigroup raised its price target to $31.50 with a buy rating, and Royal Bank of Canada reaffirmed an outperform rating with a $31.00 target, reflecting confidence in AT&T's earnings trajectory. The consensus Moderate Buy rating and $29.34 mean target imply significant upside of over 35% from current levels.

Bear case

Morgan Stanley slashed its price objective from $30.00 to $25.00, and Oppenheimer downgraded AT&T from outperform to market perform. BNP Paribas Exane also cut its target to $26.00 with a neutral rating, signaling deteriorating confidence in the stock's near-term appreciation potential.

Earnings growth sustainability and EPS guidance reliability

Bull case

AT&T beat consensus EPS estimates in its most recent quarter, reporting $0.57 versus the $0.55 expected. The company has set FY 2026 guidance of $2.25–$2.35 EPS, and sell-side analysts project $2.31 EPS for the year, pointing to steady and credible earnings growth ahead.

Bear case

Financhill assigns AT&T a Stock Score of just 27/100, flagging higher-than-normal risk. Short-term forecasts project a sharp decline to around $5.29–$5.48 over the next 4–13 weeks, and net income is expected to drop this year, raising doubts about the durability of AT&T's earnings momentum.

Technical positioning and medium-term price momentum

Bull case

As of mid-2025, AT&T held buy signals from both short- and long-term moving averages, with the stock upgraded to a Buy Candidate. Strong volume support near $27.92 and a 90% probability trading band of $27.25–$29.33 over a three-month horizon suggested a constructive near-term setup.

Bear case

By mid-2026, AT&T's share price had fallen well below its 50-day and 200-day moving averages, trading around $21.43. Financhill's analysis describes the trend as strongly bearish with slight selling pressure, and the stock's Score sits 46% below its historic median, indicating elevated downside risk.