From Yahoo Finance: 2025-05-01 13:26:00

AT&T stock has been rated a buy by Tigress Financial analyst Ivan Feinseth, with a price target raised to $34, indicating 23% upside from the current price of $27.71. The company saw strong performance in wireless and fiber internet services, reporting 324,000 postpaid phone net adds and a 19% revenue growth in fiber broadband in Q1.

AT&T stock has surged 64% in the last year and continues to outperform its competitors. With a focus on quality service and attractive offers, the company has been successful in adding postpaid phone customers and maintaining a low churn rate of 0.83%. The stock trades at a premium valuation compared to Verizon Communications due to its strong financial performance.

Despite competition in the market, AT&T’s solid financial results in Q1 suggest that it could reach the analyst’s price target of $34 this year. However, risks such as an economic downturn and increased competition from other providers could impact the stock’s performance. The company’s commitment to expanding its fiber buildout and improving network connectivity has contributed to its success.

The Motley Fool Stock Advisor team did not include AT&T in their list of the 10 best stocks to buy now. The team has a track record of providing market-crushing returns, with an average return of 882% compared to the S&P 500’s 161%. Investors are encouraged to consider their recommendations for potential high returns in the coming years.



Read more at Yahoo Finance: Is AT&T Stock Going to $34? 1 Wall Street Analyst Thinks So.