Bernstein analyst Laurent Yoon maintained a Buy rating on AT&T (T – Research Report) today and set a price target of $30.00.
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Laurent Yoon has given his Buy rating due to a combination of factors that highlight AT&T’s strategic advantages and growth potential. One of the primary reasons is AT&T’s successful fiber-led bundling strategy, which has significantly contributed to the company’s postpaid phone net additions. This strategy has resulted in a higher market share in areas where fiber is available, driven by consumer preferences for fiber and the convenience of bundled services.
Additionally, AT&T’s effective churn management has played a crucial role in maintaining a low postpaid churn rate, which is lower than its competitor Verizon. This retention strategy means AT&T requires fewer new subscribers to achieve positive net additions, thereby strengthening its subscriber base. The combination of these factors, along with the company’s expanding fiber footprint, supports the potential for sustained growth and justifies the Buy rating with an updated price target of $30.
According to TipRanks, Yoon is a 4-star analyst with an average return of 9.5% and a 72.41% success rate. Yoon covers the Communication Services sector, focusing on stocks such as AT&T, T Mobile US, and Verizon.