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AT&T (T) Stock Forecast & Price Target

AT&T logo
$22.54
+0.52 (+2.36%)
(As of 05:17 PM 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

Sell
1
Hold
7
Buy
11

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 "Moderate Buy." Out of the 19 analysts, 1 has given a sell rating, 7 have given a hold rating, 10 have given a buy rating, and 1 has given a strong buy rating for T.

Consensus Price Target

$23.40
3.82% Upside
According to the 19 analysts' twelve-month price targets for AT&T, the average price target is $23.40. 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 3.82% from the current price of $22.54.
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T Analyst Ratings Over Time

TypeCurrent Forecast
11/1/23 to 10/31/24
1 Month Ago
10/2/23 to 10/1/24
3 Months Ago
8/3/23 to 8/2/24
1 Year Ago
11/1/22 to 11/1/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
10 Buy rating(s)
10 Buy rating(s)
11 Buy rating(s)
4 Buy rating(s)
Hold
7 Hold rating(s)
8 Hold rating(s)
6 Hold rating(s)
7 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$23.40$22.38$22.33$19.83
Forecasted Upside3.82% Upside1.11% Upside15.30% Upside27.38% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

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.
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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.
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AT&T Stock vs. The Competition

TypeAT&TComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.58
2.67
2.50
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside4.79% Upside622.26% Upside9.97% Upside
News Sentiment Rating
Positive News

See Recent T News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/24/2024Evercore ISI
2 of 5 stars
V. Jayant
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Boost TargetIn-Line ➝ In-Line$19.00 ➝ $21.00-5.06%
10/24/2024Royal Bank of Canada
4 of 5 stars
J. Atkin
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Reiterated RatingSector Perform ➝ Sector Perform$22.00 ➝ $22.00-0.54%
10/24/2024Oppenheimer
3 of 5 stars
 Boost TargetOutperform ➝ Outperform$23.00 ➝ $24.00+8.30%
10/24/2024Wells Fargo & Company
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 Lower TargetOverweight ➝ Overweight$25.00 ➝ $24.00+7.87%
10/24/2024Barclays
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 Boost TargetOverweight ➝ Overweight$22.00 ➝ $24.00+6.71%
10/1/2024Hsbc Global Res
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A. Fox-Rumley
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UpgradeStrong-Buy
9/27/2024Tigress Financial
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 Boost TargetBuy ➝ Buy$29.00 ➝ $30.00+37.99%
9/16/2024Redburn Atlantic
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S. Malcolm
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UpgradeStrong Sell
9/11/2024Citigroup
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 Boost TargetBuy ➝ Buy$21.00 ➝ $24.00+12.78%
8/15/2024Moffett Nathanson
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 Boost TargetNeutral ➝ Neutral$17.00 ➝ $18.00-5.26%
8/6/2024Scotiabank
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M. Yaghi
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DowngradeStrong-Buy ➝ Hold
7/26/2024Daiwa America
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S. Tudor
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UpgradeHold
7/25/2024TD Cowen
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 Boost TargetHold ➝ Hold$21.00 ➝ $23.00+20.17%
7/25/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$21.00 ➝ $24.00+22.89%
7/1/2024The Goldman Sachs Group
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J. Schneider
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Initiated CoverageBuy$22.00+15.12%
6/28/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetBuy ➝ Buy$24.00 ➝ $26.00+36.55%
6/18/2024UBS Group
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J. Hodulik
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Reiterated RatingBuy ➝ Buy$24.00 ➝ $24.00+32.82%
6/11/2024BNP Paribas
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S. Mchugh
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UpgradeUnderperform ➝ Neutral
3/5/2024Wolfe Research
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 UpgradePeer Perform ➝ Outperform$21.00+25.04%
10/23/2023Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$20.00 ➝ $19.00+25.16%
7/19/2023Argus
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 DowngradeBuy ➝ Hold
6/5/2023HSBC
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 Lower Target$21.00 ➝ $19.00+24.92%
1/26/2023Raymond James
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 Boost TargetStrong-Buy$24.00 ➝ $25.00+22.43%
1/26/2023Cowen
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 Boost Target$24.00 ➝ $25.00+22.43%
1/26/2023Credit Suisse Group
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 Boost TargetNeutral$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 Thursday at 05:31 PM 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 Sunday, October 20, 2024. Please send any questions or comments about these AT&T pros and cons to contact@marketbeat.com.

AT&T
Bull Case

green Wall Street bull icon

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

  • AT&T Inc. has a dividend yield of 5.07%, providing investors with a steady income stream.
  • Recent analyst reports have given AT&T Inc. an average rating of "Moderate Buy" with a consensus price target of $22.38, indicating potential for growth.
  • Goldman Sachs Group initiated coverage on AT&T Inc. with a "buy" rating and a price target of $22.00, suggesting positive outlook from analysts.
  • AT&T Inc. reported a net margin of 10.41% and a return on equity of 14.16%, indicating strong financial performance.
  • AT&T Inc.'s stock price has been showing positive performance, with a 12-month high of $22.34, potentially offering capital appreciation to investors.

AT&T
Bear Case

red Wall Street bear icon

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

  • AT&T Inc.'s PEG ratio of 3.75 may indicate overvaluation, potentially limiting upside potential for the stock.
  • AT&T Inc.'s debt-to-equity ratio of 1.05 suggests a relatively high level of debt, which could pose risks in times of economic uncertainty.
  • Redburn Atlantic recently upgraded AT&T Inc. to a "strong sell" rating, signaling potential concerns about the company's future performance.
  • AT&T Inc.'s revenue was down .3% on a year-over-year basis, indicating potential challenges in revenue growth.
  • AT&T Inc.'s beta of 0.59 suggests lower volatility compared to the market, which may limit potential returns for more aggressive investors.

T Forecast - Frequently Asked Questions

According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for AT&T is $23.40, with a high forecast of $30.00 and a low forecast of $18.00.

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AT&T in the last twelve months. There is currently 1 sell rating, 7 hold ratings, 10 buy ratings and 1 strong buy rating 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 3.82% based on their 12-month stock forecasts.

Over the previous 90 days, AT&T's stock had 2 upgrades and 1 downgrade by analysts.

Analysts like AT&T less than other "computer and technology" companies. The consensus rating score for AT&T is 2.58 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how T compares to other companies.


This page (NYSE:T) was last updated on 10/31/2024 by MarketBeat.com Staff
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