JPMorgan released its list of top 47 stock picks for 2026, with AT&T as the only telecom company included. AT&T is rated “Overweight” with a $33 price target, offering a 35% upside. Despite recent weakness, the stock boasts a 4.5% dividend yield. Analysts are divided on whether the pullback is a buying opportunity or a sign of deeper challenges. JPMorgan sees AT&T’s strong competitive position in wireless and fiber, anticipating solid growth and sustained shareholder returns through 2026. Wall Street consensus is a “Moderate Buy” with a mean price target of $29.68 per share, implying 20% upside.

Source: www.barchart.com

Read more at Barchart: This Dividend Giant Yielding 4.5% Is Wall Street’s Top Telecom Pick for 2026