AT&T Inc. — Wall Street Analyst Estimates & Price Targets

NYSECommunication ServicesTelecommunications ServicesCIK 0000732717att.comAbout T

Last close · Oct 16, 202623.43−0.07 (−0.30%)

Market cap$160.6B

8 firms' latest targets, last 90 days: median $28.00 ($20.00–$36.00), 20% above the last close.

Price and published targets

daily close, 12 months · each dot a target, a firm's latest darker

Each firm's latest target

last 90 days · 8 firms

Date	Firm	Target	Previous	Change	Vs price then	Vs price now
2026-10-13	Bernstein	$24.00	$25.00	▼ 4%	+7%	+2%
2026-10-09	Scotiabank	$26.50	$27.50	▼ 4%	+6%	+13%
2026-10-07	KeyBanc	$36.00	$30.00	▲ 20%	+45%	+54%
2026-09-21	BNP Paribas Exane	$30.00	$28.00	▲ 7%	+18%	+28%
2026-07-23	Morgan Stanley	$27.00	$25.00	▲ 8%	+17%	+15%
2026-07-23	Wells Fargo	$20.00	$18.00	▲ 11%	-13%	-15%
2026-07-23	Wolfe Research	$29.00	—	—	+26%	+24%
2026-07-22	Goldman Sachs	$30.00	—	—	+30%	+28%

Consensus estimates

revenue and EPS by fiscal year · reported years marked

FY	Revenue	YoY	EPS	YoY	Revenue range	EPS range	Analysts
2023reported	$122.4B	+1%	$1.97	—	est. $121.9B+0%	est. $2.43	14
2024reported	$122.3B	+0%	$1.49	-24%	est. $122.1B+0%	est. $2.16	15
2025reported	$125.6B	+3%	$3.04	+104%	est. $125.0B+0%	est. $2.06	14
2026	$129.2B	+3%	$2.34	+14%	$128.5B–$129.8B	$2.30–$2.37	15
2027	$132.2B	+2%	$2.57	+10%	$130.0B–$135.3B	$2.46–$2.67	15
2028	$134.9B	+2%	$2.92	+14%	$132.0B–$137.5B	$2.83–$3.09	12
2029	$140.0B	+4%	$3.19	+9%	$138.3B–$141.6B	$3.14–$3.24	10
2030	$144.7B	+3%	$3.55	+11%	$143.0B–$146.3B	$3.49–$3.60	6

A reported year shows the company's figures, with the consensus beside it (revenue against it in %). Reported EPS is GAAP diluted; the analysts' EPS usually leaves items such as stock compensation out, so the two are not like for like. Faded: a year the valuation models do not read — they read the first 3, and a later one only while 10 or more analysts cover every year up to it — or one under 5 analysts.

The analysts at a glance

$28.00median target, 20% above the last close

Firms with a target · last 90 days: 8
Lowest – highest target: $20.00 – $36.00
Current grades of 14 firms: positive / neutral / negative: 9 / 4 / 1
Upgrades / downgrades · 12 months: 3 / 2
Consensus revenue growth · next 3 FY: +2% a year

Current grades

each firm's latest · 14 firms

As of	Firm	Grade
2026-10-09	Scotiabank	“Sector Perform”
2026-09-28	Morgan Stanley	“Overweight”
2026-09-21	BNP Paribas Exane	“Outperform”
2026-07-23	Wolfe Research	“Outperform”
2026-07-23	RBC Capital	“Outperform”
2026-07-23	Wells Fargo	“Underweight”
2026-07-23	TD Cowen	“Hold”
2026-07-23	Argus Research	“Buy”
2026-07-08	Barclays	“Equal Weight”
2026-06-03	Oppenheimer	“Perform”

4 more

2026-03-25	Keybanc	“Overweight”
2026-03-23	Citigroup	“Buy”
2026-01-16	Bernstein	“Outperform”
2025-12-19	Goldman Sachs	“Buy”

Grade changes

last 24 months · 9

Date	Firm	Grade
2026-09-21	BNP Paribas Exane	“Neutral” → “Outperform” upgrade
2026-07-23	Wolfe Research	“Peer Perform” → “Outperform” upgrade
2026-06-03	Oppenheimer	“Outperform” → “Perform” downgrade
2025-12-15	Wolfe Research	“Outperform” → “Peer Perform” downgrade
2025-11-12	Keybanc	“Sector Weight” → “Overweight” upgrade
2025-10-06	Scotiabank	“Sector Outperform” → “Sector Perform” downgrade
2025-10-01	Barclays	“Overweight” → “Equal Weight” downgrade
2025-01-16	Argus Research	“Hold” → “Buy” upgrade
2025-01-06	RBC Capital	“Sector Perform” → “Outperform” upgrade

51 older than 24 months

2024-04-29	Barclays	“Equal Weight” → “Overweight” upgrade
2024-03-05	Wolfe Research	“Peer Perform” → “Outperform” upgrade
2024-02-01	J.P. Morgan	“Neutral” → “Overweight” upgrade
2024-01-19	Oppenheimer	“Perform” → “Outperform” upgrade
2023-10-20	Scotiabank	“Sector Perform” → “Sector Outperform” upgrade
2023-08-29	Citigroup	“Neutral” → “Buy” upgrade
2023-07-17	Citigroup	“Buy” → “Neutral” downgrade
2023-07-14	J.P. Morgan	“Overweight” → “Neutral” downgrade
2023-06-06	MoffettNathanson	“Underperform” → “Market Perform” upgrade
2023-05-10	RBC Capital	“Sector Perform” → “Perform” revised
2023-04-21	HSBC	“Hold” → “Buy” upgrade
2023-02-08	LightShed Partners	“Buy” → “Neutral” downgrade
2023-01-10	Wells Fargo	“Equal Weight” → “Overweight” upgrade
2022-12-19	MoffettNathanson	“Market Perform” → “Underperform” downgrade
2022-12-15	Morgan Stanley	“Overweight” → “Equal Weight” downgrade
2022-12-08	Argus Research	“Hold” → “Buy” upgrade
2022-10-24	Raymond James	“Outperform” → “Strong Buy” upgrade
2022-10-21	Truist	“Hold” → “Buy” upgrade
2022-07-22	Barclays	“Overweight” → “Equal Weight” downgrade
2022-01-07	Wells Fargo	“Underweight” → “Equal Weight” upgrade
2021-12-20	Barclays	“Equal Weight” → “Overweight” upgrade
2021-12-16	Morgan Stanley	“Equal Weight” → “Overweight” upgrade
2021-10-14	Keybanc	“Underweight” → “Sector Weight” upgrade
2021-10-07	MoffettNathanson	“Sell” → “Neutral” upgrade
2021-07-27	Argus Research	“Buy” → “Hold” downgrade
2021-06-17	Scotiabank	“Sector Underperform” → “Sector Perform” upgrade
2021-05-21	New Street Research	“Neutral” → “Buy” upgrade
2021-05-21	UBS	“Neutral” → “Buy” upgrade
2021-02-25	Oppenheimer	“Outperform” → “Perform” downgrade
2021-01-04	Raymond James	“Market Perform” → “Outperform” upgrade
2020-12-17	Morgan Stanley	“Overweight” → “Equal Weight” downgrade
2020-10-20	Wolfe Research	“Peer Perform” → “Perform” revised
2020-10-05	Keybanc	“Sector Weight” → “Underweight” downgrade
2020-08-31	ScotiaBank	“Sector Perform” → “Sector Underperform” downgrade
2020-04-24	DZ Bank	“Hold” → “Sell” downgrade
2020-04-01	J.P. Morgan	“Overweight” → “Neutral” downgrade
2020-03-23	TD Cowen	“Outperform” → “Market Perform” downgrade
2020-03-23	Baird	“Outperform” → “Neutral” downgrade
2020-03-16	Raymond James	“Outperform” → “Market Perform” downgrade
2020-01-30	UBS	“Buy” → “Neutral” downgrade
2019-11-19	MoffettNathanson	“Neutral” → “Sell” downgrade
2019-11-14	HSBC	“Buy” → “Hold” downgrade
2019-11-01	Standpoint Research	“Buy” → “Hold” downgrade
2019-10-16	Bernstein	“Market Perform” → “Perform” revised
2019-09-18	DZ Bank	“Buy” → “Hold” downgrade
2019-07-25	Credit Suisse	“Underperform” → “Neutral” upgrade
2019-03-15	Raymond James	“Market Perform” → “Outperform” upgrade
2018-12-11	Citigroup	“Neutral” → “Buy” upgrade
2018-12-03	J.P. Morgan	“Neutral” → “Overweight” upgrade
2018-12-03	TD Cowen	“Market Perform” → “Outperform” upgrade
2018-11-26	MoffettNathanson	“Sell” → “Neutral” upgrade

Targets, grades and estimates are quoted from third parties (via Financial Modeling Prep) and are theirs, not ours; each target links to the report it was published in. A firm counts once, at its latest target or grade.