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.

$25.70 -0.49 (-1.87%)

As of 03:58 PM Eastern

Compare

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

Consensus Rating

Moderate Buy

Based on 19 Analyst Ratings

Sell
1

Hold
6

Buy
12

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, 6 have given a hold rating, 11 have given a buy rating, and 1 has given a strong buy rating for T.

Consensus Price Target

$29.19
13.57% Upside

According to the 19 analysts' twelve-month price targets for AT&T, the average price target is $29.19. 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 13.57% from the current price of $25.70.

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 9/4/25 to 9/4/26	1 Month Ago 8/5/25 to 8/5/26	3 Months Ago 6/6/25 to 6/6/26	1 Year Ago 9/4/24 to 9/4/25
Strong Buy	1 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)	1 Sell rating(s)
Consensus Price Target	$29.19	$29.19	$30.55	$30.40
Forecasted Upside	13.57% Upside	26.53% Upside	34.07% Upside	2.88% 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	2.63	2.06	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	13.57% Upside	134.98% Upside	14.03% 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
9/16/2024	Rothschild & Co Redburn Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	S. Malcolm Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Strong Sell

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 10:12 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 Wednesday, September 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. recently reported second-quarter earnings that exceeded analyst expectations, posting an EPS of $0.65 against a consensus estimate of $0.59, which demonstrates the company's ability to generate strong profitability and beat market forecasts.
The company offers a compelling dividend yield of 4.27% based on the current stock price of $25.98, providing a reliable income stream for investors who prioritize cash flow over pure capital appreciation.
AT&T Inc. is experiencing significant margin expansion, with consolidated operating income increasing by 8.3% year over year to $7.04 billion in the second quarter, driven by the scale of its 5G and fiber networks and effective cost management.
Wall Street analysts maintain a consensus rating of "Moderate Buy" with an average price target of $29.19, suggesting that the current market valuation leaves room for upside potential as the company continues to execute its strategic initiatives.
The stock exhibits a low beta of 0.25, indicating that AT&T Inc. is less volatile than the broader market, which can serve as a stabilizing factor for portfolios during periods of economic uncertainty or market turbulence.

AT&T
Bear Case

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

AT&T Inc. carries a high debt-to-equity ratio of 1.06, meaning the company relies heavily on borrowed funds to finance its operations, which can limit financial flexibility and increase risk if interest rates remain elevated.
Despite recent earnings beats, the company's revenue growth has been modest, with second-quarter revenue of $31.56 billion falling slightly short of the $31.80 billion analyst expectation, suggesting that top-line growth may be slowing down.
Some institutional investors have recently reduced their exposure to the stock, such as NS Partners Ltd, which cut its stake by 59.8% in the second quarter, indicating that certain large holders may be taking profits or reassessing their positions.
The company faces intense competition in the telecommunications sector, requiring continuous heavy investment in network infrastructure to maintain its market share, which can pressure free cash flow and limit capital return to shareholders.
AT&T Inc. has a relatively low payout ratio of 36.75%, which, while sustainable, may limit the company's ability to significantly increase dividends in the near term compared to peers with higher cash reserves or lower debt burdens.

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 $29.19, with a high forecast of $36.00 and a low forecast of $20.00.

19 Wall Street 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, 11 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 13.57% 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