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.

$25.34 -0.11 (-0.41%)

As of 11:18 AM 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

$29.20
15.20% Upside

According to the 18 analysts' twelve-month price targets for AT&T, the average price target is $29.20. 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 15.20% from the current price of $25.35.

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 9/25/25 to 9/25/26	1 Month Ago 8/26/25 to 8/26/26	3 Months Ago 6/27/25 to 6/27/26	1 Year Ago 9/25/24 to 9/25/25
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)	4 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$29.20	$29.19	$30.55	$30.74
Forecasted Upside	15.20% Upside	12.78% Upside	34.58% Upside	8.58% 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	2.05	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	14.81% Upside	138.44% Upside	19.68% 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
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 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 Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Simon Flannery Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	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%
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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 Friday 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 22, 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. offers a compelling income opportunity with a current dividend yield of 4.37%, which is significantly higher than the average market yield, providing a steady stream of cash flow for income-focused investors. The company recently paid a quarterly dividend of $0.2775 per share, representing an annualized payout of $1.11, and maintains a sustainable dividend payout ratio of 36.75%, indicating that the company retains a healthy portion of its earnings to fund operations while still rewarding shareholders.
The stock is currently trading at $25.14, which is well below the consensus price target of $29.19, suggesting potential upside of approximately 16%. This valuation is supported by a low P/E ratio of 8.32, which is attractive compared to broader market averages, and a recent upgrade from BNP Paribas Exane to an "Outperform" rating with a $30.00 price target, reflecting analyst confidence in the company's mobile business fundamentals.
AT&T Inc. demonstrated strong financial performance in its most recent quarterly report, beating consensus estimates with an EPS of $0.65 compared to the expected $0.59. The company also reported a net margin of 16.94% and a return on equity of 12.86%, indicating efficient capital management and profitability. With FY 2026 guidance set between $2.25 and $2.35 per share, the company is positioned to meet or exceed analyst expectations for the current year.
Institutional investors continue to show confidence in AT&T Inc., with State Street Corp increasing its holdings by 5.8% in the second quarter to own approximately 4.88% of the company. This accumulation by major institutional players, alongside a "Moderate Buy" consensus rating from twelve analysts, suggests that professional investors view the stock as a stable and attractive long-term holding despite market volatility.
The company is expanding its service offerings to enhance customer retention and revenue, including the launch of Cricket 5G Home Internet and a partnership with LifeMD to provide free virtual healthcare visits to eligible subscribers. These strategic moves diversify AT&T Inc.'s revenue streams beyond traditional telecommunications and create additional value propositions for its consumer base, potentially driving higher engagement and loyalty.

AT&T
Bear Case

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

AT&T Inc. carries a significant debt burden, with a debt-to-equity ratio of 1.06, which is relatively high for a telecommunications company. This level of leverage can constrain the company's financial flexibility and increase its vulnerability to rising interest rates or economic downturns, potentially impacting its ability to invest in network upgrades or return capital to shareholders.
The stock has experienced a decline in value over the past year, with a 1-year total shareholder return of -8.96%, indicating underperformance relative to broader market indices. This negative trend suggests that investors may be concerned about the company's growth prospects or its ability to compete effectively in the increasingly crowded telecommunications market.
While AT&T Inc. has a low beta of 0.25, indicating lower volatility than the market, this also means the stock may not provide significant capital appreciation during market rallies. For growth-oriented investors, the defensive nature of the stock may result in missed opportunities for higher returns compared to more dynamic sectors or companies with higher growth potential.
The company's liquidity position is somewhat tight, with a current ratio of 0.97 and a quick ratio of 0.93, both below 1.0. This suggests that AT&T Inc. may face challenges in meeting its short-term obligations with its current assets, which could be a concern for investors who prioritize financial stability and liquidity in their portfolio holdings.
Despite recent positive developments, the stock has faced pressure from analyst downgrades, such as Scotiabank cutting its price target from $31.00 to $29.25 and Barclays lowering its target from $26.00 to $24.00. These actions reflect ongoing concerns about the company's pricing power, competitive positioning, and the sustainability of its earnings growth in the face of market headwinds.

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 $29.20, 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 twelve months. There is currently 1 sell rating, 5 hold ratings and 12 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 15.20% 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 9/21/2026.

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AT&T (T) Stock Forecast & Price Target