AT&T (T) Stock Forecast & Price Target

Q: What analysts cover AT&T?

AT&T has been rated by research analysts at Argus , Barclays , Morgan Stanley , Royal Bank Of Canada , Sanford C. Bernstein , Scotiabank , TD Cowen , The Goldman Sachs Group , Weiss Ratings , Wells Fargo & Company , and Wolfe Research in the past 90 days.

$25.41 +0.02 (+0.06%)

Closing price 09/18/2026 03:59 PM Eastern

Extended Trading

$25.42 +0.01 (+0.06%)

As of 09/18/2026 07:56 PM Eastern

Compare

AT&T - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 18 Analyst Ratings

Sell
1

Hold
6

Buy
11

Based on 18 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 18 analysts, 1 has given a sell rating, 6 have given a hold rating, and 11 have given a buy rating for T.

Consensus Price Target

$28.99
14.09% Upside

According to the 18 analysts' twelve-month price targets for AT&T, the average price target is $28.99. The highest price target for T is $36.00, while the lowest price target for T is $20.00. The average price target represents a forecasted upside of 14.09% from the current price of $25.41.

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.

Get the Latest News and Ratings for T and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for AT&T and its competitors.

SMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

T Analyst Ratings Over Time

Type	Current Forecast 9/19/25 to 9/19/26	1 Month Ago 8/20/25 to 8/20/26	3 Months Ago 6/21/25 to 6/21/26	1 Year Ago 9/19/24 to 9/19/25
Strong Buy	0 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	11 Buy rating(s)	11 Buy rating(s)	12 Buy rating(s)	17 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	8 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$28.99	$29.19	$30.55	$30.74
Forecasted Upside	14.09% Upside	15.78% Upside	38.75% Upside	5.85% 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.

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	Communication Services Companies	Broader Market
Consensus Rating Score	2.56	2.05	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	14.09% Upside	146.73% Upside	18.43% 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

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
8/3/2026	Weiss Ratings 5 of 5 stars		Upgrade	Hold (C+) ➝ Buy (B-)
7/23/2026	TD Cowen 3 of 5 stars	Gregory Williams Not Rated	Boost Target	Hold	$32.00 ➝ $33.00	+44.14%
7/23/2026	Morgan Stanley 3 of 5 stars	Simon Flannery Not Rated	Boost Target	Overweight	$25.00 ➝ $27.00	+17.21%
7/23/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Steven Cahall Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Underweight	$18.00 ➝ $20.00	-13.18%
7/23/2026	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	John Janedis Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Peer Perform ➝ Outperform	$29.00	+25.90%
7/23/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Marie Ferguson Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$33.00 ➝ $30.00	+31.70%
7/22/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$30.00	+30.24%
7/20/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jonathan Atkin Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Outperform	$31.00 ➝ $27.00	+23.65%
7/15/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Maher Yaghi Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Sector Perform	$31.00 ➝ $29.25	+35.83%
7/13/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform	$25.00	+16.36%
Get the Latest News and Ratings for T and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for AT&T and its competitors with MarketBeat's FREE daily newsletter.
7/8/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Kannan Venkateshwar Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Equal Weight	$26.00 ➝ $24.00	+14.00%
6/3/2026	Oppenheimer Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Timothy Horan Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
4/23/2026	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Sam McHugh Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Neutral	$28.00 ➝ $26.00	-2.42%
3/25/2026	KeyCorp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Brandon Nispel Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$30.00 ➝ $36.00	+24.58%
3/23/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Michael Rollins Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$29.00 ➝ $31.50	+10.00%
3/10/2026	Arete Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Sell ➝ Neutral	$28.00	+1.68%
1/29/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	John Hodulik Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy
1/29/2026	Williams Trading Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gregory Williams Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$32.00	+28.28%
1/29/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Bryan Kraft Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy	$33.00	+31.92%
12/19/2025	Loop Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$29.00	+19.64%
9/18/2025	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Frank Louthan IV Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Strong-Buy	$31.00 ➝ $33.00	+12.42%
7/24/2025	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Sebastiano Petti Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$31.00 ➝ $33.00	+17.87%
7/24/2025	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Hold	$30.00	+7.03%
7/7/2025	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Michael Funk Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Buy	$32.00	+12.97%
4/29/2025	Tigress Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ivan Feinseth Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$32.00 ➝ $34.00	+24.02%
4/24/2025	TD Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gregory Williams Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Hold	$29.00 ➝ $30.00	+8.24%
4/24/2025	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Vijay Jayant Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	In-Line	$25.00 ➝ $27.00	-2.25%
1/29/2025	DZ Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy	$27.00	+10.54%
12/3/2024	New Street Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jonathan Chaplin Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Neutral ➝ Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:18 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, September 15, 2026. 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. currently trades at $26.75, which is significantly below the average analyst price target of $29.19, suggesting the stock may be undervalued relative to professional forecasts. This gap between the current market price and the consensus target implies potential for capital appreciation as the market adjusts to the company's fundamentals.
The company offers a compelling dividend yield of 4.26%, providing a substantial income stream for investors. This yield is supported by a conservative dividend payout ratio of 36.75%, meaning the company retains a significant portion of its earnings, which enhances the sustainability of the dividend payments over time.
AT&T Inc. demonstrated strong financial performance in its most recent quarter, reporting earnings per share of $0.65, which beat the consensus estimate of $0.59. This beat, combined with a net margin of 16.94%, indicates effective cost management and profitability, reinforcing investor confidence in the company's operational efficiency.
Institutional investors are showing renewed interest in the stock, with Bank of America Corp DE acquiring a new position of 111,637,584 shares valued at approximately $2.31 billion in the second quarter. This significant inflow of institutional capital often signals strong confidence in the company's long-term growth prospects and stability.
AT&T Inc. is expanding its service offerings to enhance customer retention and value, recently announcing an exclusive collaboration with LifeMD to provide eligible wireless and fiber customers with free access to virtual healthcare. This strategic move differentiates the company from competitors and adds tangible value to its subscription plans, potentially driving subscriber growth and loyalty.

AT&T
Bear Case

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

AT&T Inc. is undertaking a massive capital expenditure cycle, with plans for $23 billion to $24 billion in capital investment in 2026 to expand its fiber network. This heavy spending on infrastructure, including the acquisition of over 4 million locations from Lumen, consumes a large portion of the company's free cash flow, leaving limited resources for other shareholder returns beyond dividends and buybacks.
The company faces significant competitive pressure from emerging satellite internet services, such as SpaceX's Starlink. While AT&T's CEO has expressed skepticism about Starlink's ability to meet customer expectations, the presence of such a disruptive technology poses a long-term threat to traditional broadband and wireless market share, potentially eroding pricing power and subscriber base.
AT&T Inc. carries a substantial debt load, with a debt-to-equity ratio of 1.06. This high level of leverage increases financial risk, particularly in a rising interest rate environment, and limits the company's financial flexibility to respond to market downturns or invest in new growth opportunities without taking on additional debt.
Despite recent earnings beats, the company's revenue growth remains modest, with year-over-year revenue growth of 2.3% in the most recent quarter. This slow growth rate suggests that AT&T Inc. is operating in a mature market with limited organic expansion opportunities, making it difficult to drive significant top-line growth without aggressive acquisitions or price increases.
Some institutional investors are reducing their exposure to the stock, with The Manufacturers Life Insurance Company trimming its holdings by 21.3% and Tidal Investments LLC decreasing its stake by 12.4% in the second quarter. This outflow of capital from major institutional holders may indicate concerns about the company's future growth trajectory or valuation, potentially putting downward pressure on the stock price.

T Forecast - Frequently Asked Questions

According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for AT&T is $28.99, with a high forecast of $36.00 and a low forecast of $20.00.

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AT&T in the last year. There is currently 1 sell rating, 6 hold ratings and 11 buy ratings 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 14.09% based on their 12-month stock forecasts.

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

AT&T has been rated by research analysts at Argus, Barclays, Morgan Stanley, Royal Bank Of Canada, Sanford C. Bernstein, Scotiabank, TD Cowen, The Goldman Sachs Group, Weiss Ratings, Wells Fargo & Company, and Wolfe Research in the past 90 days.

Analysts like AT&T more than other "communication services" companies. The consensus rating for AT&T is Moderate Buy while the average consensus rating for "communication services" companies is Hold. Learn more on how T compares to other companies.

Stock Forecasts and Research Tools

Related Companies

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With AT&T Recommendations

MarketBeat monitors more than a dozen sources for AT&T analyst ratings, with the most recent rating issued on 8/3/2026.

From Our Partners

Unlock superior investment research and tools.

Get MarketBeat All Access

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

AT&T (T) Stock Forecast & Price Target