AT&T ( (T) ) has been popular among investors this week. Here is a recap of the key news on this stock.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Wall Street is sharpening its focus on AT&T as analysts grow more positive on the telecom’s long‑term cash‑flow story. Citi’s Michael Rollins reaffirmed a Buy rating with a $31.50 price target, slightly above the Street’s $30.97 average and around 7% upside from recent trading near $29, while KeyBanc’s Brandon Nispel went further with a bullish $36 target.
The optimism rests on AT&T’s aggressive fiber‑first strategy and cost‑cutting plan as it retires legacy copper networks. Management aims to pass nearly 60 million locations with fiber by 2030, deliver about $4 billion in annual cost savings by 2028, and lift free cash flow toward roughly $18 billion in 2026 and $19.5 billion in 2027, helping support a dividend yield above 4%.
AT&T is also planning to invest more than $250 billion in U.S. infrastructure across fiber, 5G, fixed wireless and satellite, including its AST SpaceMobile partnership, while moving to software‑driven cloud RAN networks with Intel. With this combination of rising cash flow, disciplined capital returns and infrastructure spending, many analysts see room for both steady income and potential re‑rating, suggesting the market may still be undervaluing AT&T’s evolving profile.