AT&T (T) Stock Forecast & Price Target

$21.52

+0.16 (+0.75%)

(As of 09/20/2024 ET)

AT&T - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 19 Analyst Ratings

Based on 19 Wall Street analysts who have issued ratings for AT&T in the last 12 months, the stock has a consensus rating of "Hold." Out of the 19 analysts, 1 has given a sell rating, 8 have given a hold rating, and 10 have given a buy rating for T.

Consensus Price Target

$22.31
3.68% Upside

High Forecast	$29.00
Average Forecast	$22.31
Low Forecast	$18.00

According to the 19 analysts' twelve-month price targets for AT&T, the average price target is $22.31. The highest price target for T is $29.00, while the lowest price target for T is $18.00. The average price target represents a forecasted upside of 3.68% from the current price of $21.52.

Type	Current Forecast 9/22/23 to 9/21/24	1 Month Ago 8/23/23 to 8/22/24	3 Months Ago 6/24/23 to 6/23/24	1 Year Ago 9/22/22 to 9/22/23
Consensus Rating	Hold	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	10 Buy rating(s)	10 Buy rating(s)	10 Buy rating(s)	5 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	4 Hold rating(s)	8 Hold rating(s)
Sell	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$22.31	$22.06	$21.54	$20.00
Forecasted Upside	3.68% Upside	20.04% Upside	27.65% Upside	20.77% Upside

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T Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

T Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

AT&T Stock vs. The Competition

Type	AT&T	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.47	2.65	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	3.68% Upside	2,484.72% Upside	7.37% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/16/2024	Redburn Atlantic 0 of 5 stars	S. Malcolm Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong Sell
9/11/2024	Citigroup 3 of 5 stars		Boost Target	Buy ➝ Buy	$21.00 ➝ $24.00	+12.78%
8/15/2024	Moffett Nathanson 2 of 5 stars		Boost Target	Neutral ➝ Neutral	$17.00 ➝ $18.00	-5.26%
8/6/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Yaghi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
7/26/2024	Daiwa America Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Tudor Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
7/25/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$21.00 ➝ $23.00	+20.17%
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7/25/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	V. Jayant Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	In-Line ➝ In-Line	$18.00 ➝ $19.00	-1.81%
7/25/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Atkin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Perform ➝ Sector Perform	$18.00 ➝ $19.00	-2.71%
7/25/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$21.00 ➝ $24.00	+22.89%
7/25/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$21.00 ➝ $23.00	+18.50%
7/25/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$20.00 ➝ $22.00	+14.85%
7/1/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Schneider Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$22.00	+15.12%
6/28/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$24.00 ➝ $26.00	+36.55%
6/18/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Hodulik Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$24.00 ➝ $24.00	+32.82%
6/11/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Mchugh Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ Neutral
3/5/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Peer Perform ➝ Outperform	$21.00	+25.04%
1/31/2024	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$28.00 ➝ $29.00	+63.75%
12/13/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$17.00 ➝ $20.00	+23.69%
10/23/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$20.00 ➝ $19.00	+25.16%
7/19/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
6/5/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$21.00 ➝ $19.00	+24.92%
1/26/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Strong-Buy	$24.00 ➝ $25.00	+22.43%
1/26/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$24.00 ➝ $25.00	+22.43%
1/26/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$18.00 ➝ $19.00	-6.95%
10/21/2022	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$21.00	+25.45%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 03:43 AM ET.

T Forecast - Frequently Asked Questions

What is AT&T's forecast for 2024?: According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for AT&T is $22.31, with a high forecast of $29.00 and a low forecast of $18.00.
Should I buy or sell AT&T stock right now?: 19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AT&T in the last year. There is currently 1 sell rating, 8 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" T shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in T, but not buy additional shares or sell existing shares.
Does AT&T's stock price have much upside?: According to analysts, AT&T's stock has a predicted upside of 20.04% based on their 12-month stock forecasts.
Has AT&T been upgraded or downgraded by Wall Street analysts recently?: Over the previous 90 days, AT&T's stock had 2 upgrades and 1 downgrade by analysts.
What analysts cover AT&T?: AT&T has been rated by research analysts at Barclays, Citigroup, Daiwa America, Deutsche Bank Aktiengesellschaft, Evercore ISI, JPMorgan Chase & Co., Moffett Nathanson, Oppenheimer, Redburn Atlantic, Royal Bank of Canada, Scotiabank, TD Cowen, and The Goldman Sachs Group in the past 90 days.
Do Wall Street analysts like AT&T more than its competitors?: Analysts like AT&T less than other "computer and technology" companies. The consensus rating for AT&T is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how T compares to other companies.