Tigress Financial analyst Ivan Feinseth reiterated a Buy rating on AT&T (T – Research Report) today and set a price target of $34.00.
Ivan Feinseth has given his Buy rating due to a combination of factors that highlight AT&T’s strong growth potential. The company’s convergence growth strategy is a key driver, as it is bolstering both wireless and fixed wireline segments, leading to robust revenue and cash flow increases. This financial strength is enabling AT&T to enhance shareholder value, including plans for significant share repurchases.
AT&T’s commitment to investing in high-speed 5G wireless and fiber networks is expected to sustain its service enhancements and continue the upward trend in business performance. The strategic focus on leveraging these networks is anticipated to drive subscriber growth through diverse connectivity solutions. Additionally, AT&T’s strategic capital allocation, which balances growth investments, debt reduction, and cash flow-driven dividends, further supports the positive outlook and Buy rating.
In another report released on April 24, Bernstein also maintained a Buy rating on the stock with a $29.00 price target.