AT&T Stock Slides, But Analysts See Double-Digit Upside

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

AT&T has come under short‑term pressure, with its stock slipping 1.6% over the past week and 9.1% over the past month, though it remains roughly flat over the past year. Despite this, Wall Street sentiment is leaning constructive: the shares trade around $25.98, while the average 12‑month price target sits near $31, implying more than 20% upside.

The optimism is underpinned by a solid first‑quarter 2026 beat, with revenue of $31.5 billion and adjusted EPS of $0.57 both topping expectations, and free cash flow slightly ahead of forecasts. Analysts at Bank of America and Morgan Stanley reiterated Buy ratings with $34 and $30 targets respectively, highlighting improving ARPU and margins, strong post‑paid phone and fiber additions, and the appeal of AT&T’s dividend and buyback strategy.

Not all observers are outright bullish, with firms like Wolfe Research and Exane BNP Paribas sitting at Hold and calling for more modest gains. Even so, the broader analyst consensus remains a Moderate Buy, supported by expectations of rising cash flow and EPS as AT&T refines its converged wireless‑and‑fiber offerings and leverages backlog from legacy Lumen territories. For income‑focused investors and value hunters, the stock’s pullback may present a chance to buy into a high‑yield telecom at a discount to analyst targets.