
AT&T (T) Stock Forecast & Price Target
AT&T (T) Analyst Ratings
Bulls say
AT&T's wireless business generates nearly 70% of its revenue, supporting a strong customer base of 74 million postpaid and 17 million prepaid phone customers, which contributes significantly to its financial stability. The company's recent strategic focus on converged services is expected to drive substantial growth, with projections indicating that AT&T could reach over 12 million converged customers by 2030 and experience robust EBITDA growth rates of 6% in 2026 and potentially 7% by 2028. Furthermore, AT&T's healthy free cash flow generation and the sale of its DirecTV stake suggest a positive trajectory for capital returns, reinforcing the attractiveness of AT&T's stock moving forward.
Bears say
AT&T's wireless business, which generates nearly 70% of its revenue, is facing headwinds, as evidenced by a projected 2.1% growth rate in wireless service revenue for the first quarter of 2026, primarily due to declining Average Revenue Per User (ARPU). Additionally, the company’s Legacy segment is anticipated to become a significant EBITDA growth challenge, potentially turning negative beyond 2027 as AT&T phases out copper-based products and network services. Furthermore, AT&T's high payout ratio—expected to remain above 100% until at least 2028—may deter investor confidence and limit new capital inflow into the stock.
This aggregate rating is based on analysts' research of AT&T and is not a guaranteed prediction by Public.com or investment advice.
AT&T (T) Analyst Forecast & Price Prediction
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