AT&T (T) Stock Forecast & Price Target

$22.75 +0.18 (+0.80%)

(As of 12/20/2024 05:45 PM ET)

AT&T - Analysts' Recommendations and Stock Price Forecast (2025)

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

Moderate Buy

Based on 22 Analyst Ratings

Sell
1

Hold
7

Buy
14

Based on 22 Wall Street analysts who have issued ratings for AT&T in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 22 analysts, 1 has given a sell rating, 7 have given a hold rating, 12 have given a buy rating, and 2 have given a strong buy rating for T.

Consensus Price Target

$25.53
12.22% Upside

According to the 22 analysts' twelve-month price targets for AT&T, the average price target is $25.53. The highest price target for T is $30.00, while the lowest price target for T is $18.00. The average price target represents a forecasted upside of 12.22% from the current price of $22.75.

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T Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	2 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	12 Buy rating(s)	10 Buy rating(s)	10 Buy rating(s)	5 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	8 Hold rating(s)	6 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$25.53	$23.40	$22.31	$20.68
Forecasted Upside	12.22% Upside	1.63% Upside	3.59% Upside	24.87% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Moderate Buy

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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	2.68	2.68	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	12.22% Upside	264.23% Upside	14.54% Upside
News Sentiment Rating	Positive News See Recent T 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
12/19/2024	UBS Group 4 of 5 stars	J. Hodulik Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$25.00 ➝ $30.00	+33.45%
12/16/2024	Morgan Stanley 3 of 5 stars		Upgrade	Equal Weight ➝ Overweight	$19.00 ➝ $28.00	+21.58%
12/10/2024	Sanford C. Bernstein 3 of 5 stars		Initiated Coverage	Outperform	$28.00	+20.02%
12/10/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$28.00	+19.76%
12/5/2024	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	Boost Target	Buy ➝ Buy	$25.00 ➝ $28.00	+17.25%
12/4/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$25.00 ➝ $28.00	+18.92%
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12/4/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$26.00 ➝ $28.00	+19.35%
12/4/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$24.00 ➝ $27.00	+13.68%
12/3/2024	New Street Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Chaplin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
10/24/2024	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	$19.00 ➝ $21.00	-5.06%
10/24/2024	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	Reiterated Rating	Sector Perform ➝ Sector Perform	$22.00 ➝ $22.00	-0.54%
10/24/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$25.00 ➝ $24.00	+7.87%
10/1/2024	Hsbc Global Res Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Fox-Rumley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
9/27/2024	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$29.00 ➝ $30.00	+37.99%
9/16/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Malcolm Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong Sell
8/15/2024	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating		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%
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%
6/11/2024	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%
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:40 AM ET.

Should I Buy AT&T Stock? T Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, December 12, 2024. Please send any questions or comments about these AT&T pros and cons to contact@marketbeat.com.

AT&T
Bull Case

Here are some ways that investors could benefit from investing in AT&T Inc.:

AT&T Inc. has recently received multiple upgrades from analysts, with Barclays and Citigroup raising their price targets to $27.00 and $28.00 respectively, indicating strong market confidence in the stock's potential for growth.
The current stock price is $23.88, which is close to the consensus price target of $24.73, suggesting that there may be room for appreciation as the market aligns with analyst expectations.
AT&T Inc. has a solid dividend yield of approximately 4.65%, providing a steady income stream for investors, which is particularly attractive in a low-interest-rate environment.
The company reported earnings per share (EPS) of $0.60 for the latest quarter, exceeding analysts' expectations, which reflects strong operational performance and potential for future profitability.
With a market capitalization of $171.35 billion, AT&T Inc. is a significant player in the telecommunications sector, providing stability and resilience against market volatility.

AT&T
Bear Case

Investors should be bearish about investing in AT&T Inc. for these reasons:

Despite the recent earnings beat, AT&T Inc. reported a revenue decline of 0.5% compared to the same quarter last year, indicating potential challenges in maintaining growth.
The company has a high dividend payout ratio of 90.24%, which may raise concerns about sustainability, especially if earnings do not continue to grow.
AT&T Inc. has a relatively high debt-to-equity ratio of 1.09, suggesting that the company is heavily reliant on debt financing, which could pose risks in a rising interest rate environment.
One analyst has rated the stock as a "sell," indicating that there are differing opinions on the stock's future performance, which could create uncertainty for investors.
The stock has experienced volatility, with a 52-week range between $15.94 and $24.03, which may deter risk-averse investors looking for stable investments.

T Forecast - Frequently Asked Questions

: According to the research reports of 22 Wall Street equities research analysts, the average twelve-month stock price forecast for AT&T is $25.53, with a high forecast of $30.00 and a low forecast of $18.00.
: 22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AT&T in the last year. There is currently 1 sell rating, 7 hold ratings, 12 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" T shares.
: According to analysts, AT&T's stock has a predicted upside of 12.22% based on their 12-month stock forecasts.
: Over the previous 90 days, AT&T's stock had 4 upgrades by analysts.
: AT&T has been rated by research analysts at Barclays, Citigroup, Evercore ISI, Hsbc Global Res, JPMorgan Chase & Co., Morgan Stanley, New Street Research, Oppenheimer, Royal Bank of Canada, Sanford C. Bernstein, The Goldman Sachs Group, Tigress Financial, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like AT&T less than other "computer and technology" companies. The consensus rating score for AT&T is 2.68 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how T compares to other companies.

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This page (NYSE:T) was last updated on 12/21/2024 by MarketBeat.com Staff

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AT&T (T) Stock Forecast & Price Target