AT&T Stock Slides, But Analysts See Big Upside

AT&T ( (T) ) has been popular among investors this week. Here is a recap of the key news on this stock.

AT&T is back in focus as analysts reassess the telecom giant after a recent share price slide, even as fundamentals improve. TD Cowen’s Gregory Williams reiterated a Hold rating with a $32 target, versus a recent close around $26, while the broader Wall Street view remains a Moderate Buy with an average target near $31, signaling double‑digit upside from current levels.

Investor interest has been fueled by AT&T’s better‑than‑expected first‑quarter 2026 results, with $31.5 billion in revenue and $0.57 in adjusted EPS beating forecasts and free cash flow coming in slightly ahead. Bank of America and Morgan Stanley reiterated Buy ratings with targets of $34 and $30, citing stronger margins, rising ARPU, robust post‑paid and fiber growth, and the stock’s dividend and buyback appeal, though some firms like Wolfe Research stay cautious with Hold ratings.

Despite short‑term weakness, including a 1.6% drop over the last week and a roughly 9% slide over the past month, AT&T shares are roughly flat year‑on‑year, offering value hunters a potential entry point. With expectations of rising cash flow and EPS as AT&T deepens its converged wireless‑and‑fiber strategy and taps opportunities tied to legacy Lumen territories, the stock is increasingly viewed as a high‑yield telecom play trading at a discount to consensus valuations.