AT&T (NYSE:T) Given New $32.00 Price Target at Oppenheimer

Key Points

• Oppenheimer raised its price target on AT&T to $32 (from $29) with an "outperform" rating, implying about a 15.5% upside from the prior close.
• AT&T beat quarterly estimates with $0.52 EPS (vs. $0.46) and $33.47B revenue, and set FY2026 guidance of $2.25–$2.35 EPS.
• The company announced a $250 billion, five‑year U.S. network investment program seen as a long‑term growth/AI positioning play, but analysts warn it could pressure free cash flow and leverage, raising execution and funding risk.

AT&T (NYSE:T - Get Free Report) had its price target increased by analysts at Oppenheimer from $29.00 to $32.00 in a research note issued to investors on Wednesday. The firm presently has an "outperform" rating on the technology company's stock. Oppenheimer's price target would indicate a potential upside of 15.50% from the stock's previous close.

T has been the subject of a number of other reports. KeyCorp reiterated an "overweight" rating on shares of AT&T in a research note on Wednesday, January 21st. Wolfe Research downgraded AT&T from an "outperform" rating to a "peer perform" rating in a report on Monday, December 15th. Sanford C. Bernstein decreased their target price on AT&T from $31.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday, January 16th. Wells Fargo & Company lowered their price target on AT&T from $29.00 to $27.00 and set an "overweight" rating for the company in a report on Monday, January 26th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of AT&T in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $30.35.

AT&T Stock Up 0.6%

T stock opened at $27.71 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.00. The firm has a 50 day simple moving average of $26.16 and a 200-day simple moving average of $26.31. The company has a market capitalization of $193.95 billion, a P/E ratio of 9.08, a PEG ratio of 1.03 and a beta of 0.39. AT&T has a twelve month low of $22.95 and a twelve month high of $29.79.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.06. The firm had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.91 billion. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The firm's revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities research analysts predict that AT&T will post 2.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AT&T

Several large investors have recently added to or reduced their stakes in the stock. Advisortrust Partners LLC bought a new stake in AT&T in the fourth quarter valued at $666,000. PeakShares LLC acquired a new stake in shares of AT&T in the 4th quarter worth about $270,000. Corient Private Wealth LLC increased its holdings in shares of AT&T by 1.5% in the 4th quarter. Corient Private Wealth LLC now owns 2,410,532 shares of the technology company's stock worth $59,875,000 after acquiring an additional 34,758 shares during the period. Auto Owners Insurance Co lifted its position in AT&T by 2,384.0% in the 4th quarter. Auto Owners Insurance Co now owns 547,797 shares of the technology company's stock valued at $1,361,000 after purchasing an additional 525,744 shares during the last quarter. Finally, Union Savings Bank acquired a new position in AT&T during the 4th quarter valued at about $361,000. 57.10% of the stock is owned by institutional investors and hedge funds.

More AT&T News

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: AT&T announced a >$250 billion, five‑year U.S. network investment program aimed at fiber, 5G, wireless and satellite expansion and workforce/security initiatives — investors view this as a long‑term growth and competitive positioning play for the AI/connected economy. AT&T’s US$250b Network Plan And What It Could Mean For Valuation
• Positive Sentiment: Scotiabank raised its price target to $31 (sector perform), signaling analyst support that helps underpin the rally and suggests upside versus current levels. Scotiabank Boosts AT&T Price Target to $31.00
• Positive Sentiment: Partnerships and ecosystem ties — notably AT&T pairing with AWS to support last‑mile AI workloads — reinforce the narrative that the capex will target high‑value enterprise and AI use cases. AT&T pairs with AWS to support last-mile AI workloads
• Neutral Sentiment: Market coverage tweaks: Arete Research upgraded AT&T from sell to neutral with a $28 target — a modest endorsement but not a bullish re‑rating. Arete Research upgrade
• Neutral Sentiment: Corporate PR and anniversary events (150th anniversary, CEO bell‑ringing) raise visibility but have limited direct financial impact. AT&T Celebrates 150 years of Connecting
• Negative Sentiment: Some Wall Street caution: analysts and commentary note the scale of the $250B commitment could pressure free cash flow, leverage and near‑term returns — raising execution and funding risk in the eyes of more conservative investors. AT&T to invest $250 billion over five years in US to boost infrastructure

AT&T Company Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T's product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.