AT&T (T) Stock Forecast & Price Target

Q: What analysts cover AT&T?

AT&T has been rated by research analysts at Argus , Barclays , BNP Paribas Exane , 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.

$24.29 -0.01 (-0.03%)

Closing price 10/2/2026 03:59 PM Eastern

Extended Trading

$24.34 +0.05 (+0.19%)

As of 10/2/2026 07:59 PM Eastern

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

Consensus Rating

Moderate Buy

Based on 18 Analyst Ratings

Sell
1

Hold
5

Buy
12

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, 5 have given a hold rating, and 12 have given a buy rating for T.

Consensus Price Target

$29.16
20.03% Upside

According to the 18 analysts' twelve-month price targets for AT&T, the average price target is $29.16. 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 20.03% from the current price of $24.29.

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.

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T Analyst Ratings Over Time

Type	Current Forecast 10/4/25 to 10/4/26	1 Month Ago 9/4/25 to 9/4/26	3 Months Ago 7/6/25 to 7/6/26	1 Year Ago 10/4/24 to 10/4/25
Strong Buy	0 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	12 Buy rating(s)	11 Buy rating(s)	12 Buy rating(s)	17 Buy rating(s)
Hold	5 Hold rating(s)	6 Hold rating(s)	8 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$29.16	$29.19	$30.55	$30.74
Forecasted Upside	20.03% Upside	13.57% Upside	48.29% Upside	13.59% 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	2.61	2.06	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	20.03% Upside	176.96% Upside	21.53% Upside
News Sentiment Rating	Positive News See Recent T News	Neutral News	Neutral 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
10/2/2026	Scotiabank 4 of 5 stars	Maher Yaghi 2 of 5 stars	Lower Target	Sector Perform	$29.25 ➝ $27.50	+12.96%
9/28/2026	Morgan Stanley 3 of 5 stars	Simon Flannery Not Rated	Boost Target	Overweight	$27.00 ➝ $28.00	+10.28%
9/21/2026	BNP Paribas Exane 5 of 5 stars	Sam McHugh Not Rated	Upgrade	Neutral ➝ Outperform	$26.00 ➝ $30.00	+18.08%
8/3/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold (C+) ➝ Buy (B-)
7/23/2026	TD Cowen 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	$32.00 ➝ $33.00	+44.14%
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%
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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%
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
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 Sunday at 05:17 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 Friday, October 2, 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. is currently trading at $24.29, which is significantly below the average analyst price target of $29.19, suggesting substantial potential for price appreciation as the stock recovers from its recent decline.
The company offers a high dividend yield of 4.55%, providing a strong income stream for investors, with a payout ratio of 49.8% indicating that the dividend is well-covered by earnings and sustainable.
AT&T Inc. recently signed a $3 billion fiber supply deal with Corning, positioning the company to benefit from AI-driven data growth and expanding its infrastructure capabilities to meet increasing demand for high-speed connectivity.
The company has demonstrated consistent earnings beats, with Q2 2026 EPS of $0.65 exceeding consensus estimates of $0.59, and revenue growth of 2.3% year-over-year, indicating strong operational performance and financial health.
AT&T Inc. has formed a joint venture with T-Mobile and Verizon to eliminate dead zones through satellite-enabled mobile coverage, enhancing its network reliability and competitive position in the telecommunications market.

AT&T
Bear Case

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

AT&T Inc. has experienced a 13.9% decline over the past six months, reflecting broader market concerns about the company's growth prospects and competitive pressures in the telecommunications sector.
The company faces stiff competition from rivals like T-Mobile and Verizon, as well as emerging threats from satellite-based services like Starlink, which could erode its market share and pricing power in the wireless segment.
AT&T Inc. carries a high debt-to-equity ratio of 1.06, which could limit its financial flexibility and increase vulnerability to interest rate changes or economic downturns, impacting its ability to invest in growth initiatives.
Recent reports indicate that some iPhone 18 Pro Max users on AT&T's network are experiencing service issues, including inability to make calls or use data, which could harm customer satisfaction and brand reputation if not resolved promptly.
Analysts have noted that AT&T Inc. faces legacy revenue declines and heavy debt, which may constrain its ability to invest in new technologies and maintain its competitive edge in the rapidly evolving telecommunications landscape.

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 $29.16, with a high forecast of $36.00 and a low forecast of $20.00.

18 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, 5 hold ratings and 12 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 20.03% 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 Argus, Barclays, BNP Paribas Exane, 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.

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MarketBeat monitors more than a dozen sources for AT&T analyst ratings, with the most recent rating issued on 10/2/2026.

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AT&T (T) Stock Forecast & Price Target