AT&T (T) Stock Forecast & Price Target

$21.94

+0.07 (+0.32%)

(As of 10/9/2024 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

Moderate Buy

Based on 20 Analyst Ratings

Sell
1

Hold
8

Buy
11

Based on 20 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 20 analysts, 1 has given a sell rating, 8 have given a hold rating, 10 have given a buy rating, and 1 has given a strong buy rating for T.

Consensus Price Target

$22.38
2.01% Upside

According to the 20 analysts' twelve-month price targets for AT&T, the average price target is $22.38. 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 2.01% from the current price of $21.94.

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T Analyst Ratings Over Time

Type	Current Forecast 10/10/23 to 10/9/24	1 Month Ago 9/10/23 to 9/9/24	3 Months Ago 7/12/23 to 7/11/24	1 Year Ago 10/10/22 to 10/10/23
Strong Buy	1 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)	11 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	$22.38	$22.06	$21.85	$20.00
Forecasted Upside	2.01% Upside	2.62% Upside	15.83% Upside	33.73% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	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	2.55	2.66	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	2.17% Upside	1,673.19% Upside	7.45% Upside
News Sentiment Rating	Neutral News See Recent T News	Neutral 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
10/1/2024	Hsbc Global Res 0 of 5 stars	A. Fox-Rumley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
9/27/2024	Tigress Financial 2 of 5 stars		Boost Target	Buy ➝ Buy	$29.00 ➝ $30.00	+37.99%
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 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$21.00 ➝ $24.00	+12.78%
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
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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%
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%
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 Thursday at 12:14 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 Tuesday, October 1, 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. stock price is currently at $21.90, showing a positive trend in the market.
AT&T Inc. has a dividend yield of 5.03%, providing investors with a steady income stream.
AT&T Inc. has a strong net margin of 10.41%, indicating efficient management of its operations.
AT&T Inc. has a return on equity of 14.16%, showcasing the company's ability to generate profits from shareholders' equity.
AT&T Inc. has a consensus rating of "Hold" with an average target price of $22.38, suggesting potential growth.

AT&T
Bear Case

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

AT&T Inc.'s revenue for the quarter was down .3% compared to the same quarter last year, indicating a slight decline in performance.
AT&T Inc.'s dividend payout ratio (DPR) is currently at 59.68%, which may limit future dividend growth.
AT&T Inc. faced a decrease in earnings per share from $0.63 in the previous year to $0.57 in the current quarter.
AT&T Inc. has institutional investors owning 57.10% of the stock, potentially limiting individual investor influence.
AT&T Inc. has received mixed analyst ratings, with one sell rating and a consensus of "Hold," indicating uncertainty in the market perception.

T Forecast - Frequently Asked Questions

: According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for AT&T is $22.38, with a high forecast of $30.00 and a low forecast of $18.00.
: 20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AT&T in the last twelve months. There is currently 1 sell rating, 8 hold ratings, 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" T shares.
: According to analysts, AT&T's stock has a predicted upside of 2.01% based on their 12-month stock forecasts.
: Over the previous 90 days, AT&T's stock had 3 upgrades and 1 downgrade by analysts.
: AT&T has been rated by research analysts at Barclays, Citigroup, Daiwa America, Evercore ISI, Hsbc Global Res, JPMorgan Chase & Co., Moffett Nathanson, Oppenheimer, Redburn Atlantic, Royal Bank of Canada, Scotiabank, TD Cowen, and Tigress Financial in the past 90 days.
: Analysts like AT&T less than other "computer and technology" companies. The consensus rating score for AT&T is 2.55 while the average consensus rating score for "computer and technology" companies is 2.66. Learn more on how T compares to other companies.