Key Stats for AT&T Stock
- This-Week Performance: 11%
- 52-week Range: $23 to $30
- Valuation Model Target Price: $32
- Implied Upside: 22.4% over 2.9 years
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What Happened?
AT&T Inc. stock rose about 11% this week, finishing near the upper end of its recent range after rebounding sharply from recent support.
The move marked a decisive shift in momentum following a period of consolidation and reflected renewed buying interest.
The stock moved higher as analysts reiterated bullish views and maintained price targets above current levels.
UBS reaffirmed a Buy rating, KeyCorp reiterated an Overweight rating, and Williams Trading maintained a $32 price target.
In addition, Goldman Sachs, Citigroup, and Morgan Stanley continued to carry Buy or Overweight ratings with price targets in the $29 to $30 range, reinforcing expectations for upside from current prices.
Those analyst signals helped stabilize sentiment and encouraged buyers back into the stock as it recovered from recent weakness.
With targets clustered well above where shares traded earlier in the week, valuation support became a clear driver of the rebound.
Attention is now shifting toward AT&T’s April earnings report, where management commentary on wireless service revenue trends, fiber expansion progress, and free cash flow generation will shape expectations.
This week’s move reflects positioning around those fundamentals rather than a reaction to a single headline.

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Is AT&T Undervalued?
Under valuation model assumptions, the stock is modeled using:
- Revenue Growth (CAGR): 2.2%
- Operating Margins: 22.3%
- Exit P/E Multiple: 10.0x
Based on these inputs, the model estimates a target price of $32, implying 22.4% total upside from recent levels over the next 2.9 years.
Over the next year, results are likely shaped by wireless service revenue stability, supported by pricing discipline and lower promotional intensity rather than aggressive subscriber growth.
Fiber expansion remains a meaningful driver, as higher penetration rates lift average revenue per user while spreading fixed network costs across a broader base.
Free cash flow execution is central, with capital intensity expected to ease as peak fiber investment moderates, improving balance sheet flexibility and reinforcing dividend sustainability.
AT&T appears undervalued at current levels, with future performance tied to steady cash flow delivery, fiber monetization, and incremental margin improvement rather than a valuation re-rating.
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