AT&T Inc. (T)

AT&T Stock Forecast

Stock Price Forecast

The 16 analysts with 12-month price forecasts for AT&T stock have an average target of 20.41, with a low estimate of 17 and a high estimate of 29. The average target predicts an increase of 25.68% from the current stock price of 16.24.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$17	$20.41	$20	$29
Change	+4.68%	+25.68%	+23.15%	+78.57%

Analyst Ratings

The average analyst rating for AT&T stock from 16 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	7	6	5	5	5	5
Buy	2	2	3	4	5	5
Hold	8	8	7	7	6	6
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	17	16	15	16	16	16

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jonathan Atkin RBC Capital	RBC Capital	Hold Reiterates $17	Hold	Reiterates	$17	+4.68%	Apr 11, 2024
John Janedis Wolfe Research	Wolfe Research	Hold → Buy Upgrades $21	Hold → Buy	Upgrades	$21	+29.31%	Mar 5, 2024
Michael Rollins Citigroup	Citigroup	Strong Buy Maintains $19 → $20	Strong Buy	Maintains	$19 → $20	+23.15%	Feb 1, 2024
Richard Choe JP Morgan	JP Morgan	Hold → Buy Upgrades $18 → $21	Hold → Buy	Upgrades	$18 → $21	+29.31%	Feb 1, 2024
Ivan Feinseth Tigress Financial	Tigress Financial	Strong Buy Maintains $28 → $29	Strong Buy	Maintains	$28 → $29	+78.57%	Jan 31, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

126.25B

Increased by 3.12%

from 122.43B

Revenue Next Year

127.28B

Increased by 0.82%

from 126.25B

EPS This Year

2.26

Increased by 14.55%

from 1.97

EPS Next Year

2.34

Increased by 3.87%

from 2.26

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	181.19B	143.05B	134.04B	120.74B	122.43B	126.25B	127.28B	128.27B	133.97B	132.06B
Revenue Growth	6.11%	-21.05%	-6.30%	-9.92%	1.40%	3.12%	0.82%	0.77%	4.45%	-1.43%
EPS	1.89	-0.75	2.73	-1.13	1.97	2.26	2.34	2.41	2.71	2.72
EPS Growth	-33.68%	-	-	-	-	14.55%	3.87%	2.95%	12.12%	0.66%
No. Analysts	-	-	-	-	-	26	25	19	6	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	132.4B	131.9B	134.8B	140.2B	135.9B
Avg	126.3B	127.3B	128.3B	134.0B	132.1B
Low	120.7B	120.5B	120.0B	125.3B	126.9B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	8.2%	4.5%	5.9%	9.3%	1.5%
Avg	3.1%	0.8%	0.8%	4.4%	-1.4%
Low	-1.4%	-4.6%	-5.7%	-2.3%	-5.3%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	2.56	2.64	2.73	2.94	2.80
Avg	2.26	2.34	2.41	2.71	2.72
Low	2.05	2.01	1.94	2.44	2.62

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	30.1%	16.8%	16.3%	21.8%	3.6%
Avg	14.6%	3.9%	2.9%	12.1%	0.7%
Low	4.0%	-11.0%	-17.2%	1.1%	-3.3%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.