54/100BAT&T stock forecast 2026–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for AT&T is 26.39, 22.0% above the current price of 21.63. Their targets range from 20.00 to 33.00.
Of the 16 firms that rated AT&T in the past 12 months, 10 rate it buy or strong buy, 5 hold and 1 sell or strong sell (each firm at its latest rating): a Buy consensus.
Analysts' 1-year price targets range from 20.00 to 33.00, with an average of 26.39.
| Buy | 10 | |
| Hold | 5 | |
| Sell | 1 |
12-month price target
| Highest target | 33.00 |
| Average target | 26.39 |
| Lowest target | 20.00 |
| Current price | 21.63 |
AT&T price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their AT&T price target and rating?
How analysts rate AT&T, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
10 of 16 firms rate it buy now, against 13 of 19 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
AT&T analyst upgrades, downgrades and price targets
The latest rating change came on 21 September 2026, when BNP Paribas upgraded AT&T from Neutral to Outperform. Its price target is 30.00, from 28.00. The most recent new target came from KeyBanc on 22 October 2026: 33.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 22 Oct 2026 | KeyBanc Brandon Nispel | Reiterated · Overweight | 36.00 → 33.00 | -8.3% | 22.45 |
| 22 Oct 2026 | Barclays Kannan Venkateshwar | Reiterated · Equal Weight | 24.00 → 21.00 | -12.5% | 21.91 |
| 21 Oct 2026 | Goldman Sachs | — | 30.00 → 27.00 | -10.0% | 21.91 |
| 13 Oct 2026 | Bernstein Laurent Yoon | — | 25.00 → 24.00 | -4.0% | 22.49 |
| 9 Oct 2026 | Scotiabank Maher Yaghi | Reiterated · Sector Perform | 27.50 → 26.50 | -3.6% | 24.89 |
| 7 Oct 2026 | KeyBanc Brandon Nispel | — | 30.00 → 36.00 | +20.0% | 24.75 |
| 2 Oct 2026 | Scotiabank Maher Yaghi | Reiterated · Sector Perform | 29.25 → 27.50 | -6.0% | 24.35 |
| 21 Sept 2026 | BNP Paribas | Upgraded · Neutral → Outperform | 28.00 → 30.00 | +7.1% | 25.42 |
| 23 Jul 2026 | Morgan Stanley Sean Diffley | Reiterated · Overweight | 25.00 → 27.00 | +8.0% | 23.04 |
| 23 Jul 2026 | Wells Fargo | Reiterated · Underweight | 18.00 → 20.00 | +11.1% | 23.04 |
| 23 Jul 2026 | Wolfe Research | Upgraded · Peer Perform → Outperform | 29.00 | — | 23.04 |
| 22 Jul 2026 | Goldman Sachs | — | 32.00 → 30.00 | -6.3% | 23.04 |
| 15 Jul 2026 | Scotiabank | Reiterated · Sector Perform | 29.50 → 29.25 | -0.8% | 21.44 |
| 13 Jul 2026 | Bernstein Laurent Yoon | — | 30.00 → 25.00 | -16.7% | 21.44 |
| 8 Jul 2026 | Barclays | Reiterated · Equal Weight | 26.00 → 24.00 | -7.7% | 21.06 |
| 8 Jul 2026 | Wells Fargo Steven Cahall | — | 27.00 → 18.00 | -33.3% | 21.06 |
| 7 Jul 2026 | Morgan Stanley | Reiterated · Overweight | 30.00 → 25.00 | -16.7% | 21.26 |
| 3 Jun 2026 | Oppenheimer | Downgraded · Outperform → Perform | — | — | — |
| 8 Apr 2026 | BNP Paribas Sam McHugh | — | 28.00 | — | 28.03 |
| 10 Mar 2026 | Arete Research Andrew Beale | — | 20.00 → 28.00 | +40.0% | 27.71 |
| 12 Feb 2026 | RBC Capital | — | 28.00 → 31.00 | +10.7% | 29.21 |
| 29 Jan 2026 | Williams Trading Gregory Williams | — | 33.00 → 32.00 | -3.0% | 24.85 |
| 29 Jan 2026 | Deutsche Bank Bryan Kraft | — | 33.00 | — | 24.98 |
| 29 Jan 2026 | UBS | — | 31.00 → 29.00 | -6.5% | 24.76 |
| 26 Jan 2026 | Wells Fargo | Reiterated · Overweight | 27.00 | — | 23.59 |
| 16 Jan 2026 | Bernstein | Reiterated · Outperform | 30.00 | — | 23.73 |
| 13 Jan 2026 | Barclays | Reiterated · Equal Weight | 28.00 → 26.00 | -7.1% | 23.74 |
| 7 Jan 2026 | Scotiabank Maher Yaghi | — | 30.25 → 29.50 | -2.5% | 24.05 |
| 6 Jan 2026 | Arete Research | — | 20.00 | — | 24.72 |
| 19 Dec 2025 | Loop Capital Markets | — | 29.00 | — | 24.26 |
| 15 Dec 2025 | Wolfe Research | Downgraded · Outperform → Peer Perform | — | — | — |
| 10 Dec 2025 | Morgan Stanley | Reiterated · Overweight | 30.00 | — | 24.50 |
| 12 Nov 2025 | Keybanc | Upgraded · Sector Weight → Overweight | — | — | — |
| 11 Nov 2025 | KeyBanc Brandon Nispel | — | 30.00 | — | 25.18 |
AT&T EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Revenue
EPS
Does AT&T beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 4.5% off the result, either way, and their revenue estimate 1.1%, over the last 12 quarters.
- EPS beats
- 83 / 136
- Revenue beats
- 68 / 120
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +4.2%
- Since
- January 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 21 Oct 2026 | 0.60 | 0.65 | +8.0% | 31.69B | 32.30B | +1.9% |
| Q2 FY2026 | 22 Jul 2026 | 0.59 | 0.65 | +10.2% | 31.80B | 31.56B | -0.7% |
| Q1 FY2026 | 22 Apr 2026 | 0.55 | 0.57 | +3.3% | 31.25B | 31.51B | +0.8% |
| Q4 FY2025 | 28 Jan 2026 | 0.46 | 0.52 | +12.4% | 32.87B | 33.47B | +1.8% |
| Q3 FY2025 | 22 Oct 2025 | 0.54 | 0.54 | +0.6% | 30.87B | 30.71B | -0.5% |
| Q2 FY2025 | 23 Jul 2025 | 0.53 | 0.54 | +1.9% | 30.46B | 30.85B | +1.3% |
| Q1 FY2025 | 23 Apr 2025 | 0.51 | 0.51 | +0.2% | 30.36B | 30.63B | +0.9% |
| Q4 FY2024 | 27 Jan 2025 | 0.50 | 0.54 | +8.4% | 32.02B | 32.30B | +0.9% |
| Q3 FY2024 | 23 Oct 2024 | 0.57 | 0.60 | +5.4% | 30.45B | 30.21B | -0.8% |
| Q2 FY2024 | 24 Jul 2024 | 0.57 | 0.57 | 0.0% | 29.98B | 29.80B | -0.6% |
| Q1 FY2024 | 24 Apr 2024 | 0.54 | 0.55 | +1.9% | 30.53B | 30.03B | -1.7% |
| Q4 FY2023 | 24 Jan 2024 | 0.55 | 0.54 | -1.8% | 31.48B | 32.02B | +1.7% |
AT&T stock price 2026–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If AT&T's earnings keep growing at the 11.8% a year analysts expect to FY2028, it would earn about 3.68 a share in FY2030. At the P/E it has traded at over the last five years (8.2 to 15.3) that is 30.06 to 56.22 a share, or 38.65 at its average P/E of 10.5. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 2.40 | 19.62 | 25.22 | 36.69 |
| FY2027 | 2.60 | 21.21 | 27.28 | 39.67 |
| FY2028 | 2.95 | 24.07 | 30.95 | 45.01 |
| FY2029 (extrapolated) | 3.29 | 26.90 | 34.58 | 50.30 |
| FY2030 (extrapolated) | 3.68 | 30.06 | 38.65 | 56.22 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 11.8% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (8.2, 10.5, 15.3).
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 99.090 | 194.93146Price 99.09244 | +96.7% | |
| 42.225 | 82.9546Price 42.23165 | +96.4% | |
| 186.680 | 360.82271Price 186.68451 | +93.3% | |
| 213.670 | 405.57304Price 213.67507 | +89.8% | |
| 161.160 | 305.51157Price 161.16396 | +89.6% | |
| 160.650 | 300.09225Price 160.65375 | +86.8% | |
| 165.860 | 308.95212Price 165.86442 | +86.3% |
Furthest below the fair value on each stock's page, updated every day.