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AT&TT

$23.70
Updated Aug 6, 2026
Quality Score
3.0
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Why AT&T stock moved?

Updated Aug 6 at 2:39pm ET.

$23.70
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What's happening with the stock

AT&T rose about 2 percent today and has climbed steadily over the last month, though it remains a few points below its recent high. We think this is mostly a continuation of the positive trend after a strong earnings report and a new network expansion deal.

Our view

The company is finally showing it can grow its fiber and wireless business while cleaning up its balance sheet. If you have been thinking about buying it, this is still a fair price to pay for a steady dividend payer.

Read full thesis on AT&T

Latest AT&T updates

Follow AT&T to never miss an important update.

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Company newsPositive
Aug 6

AT&T selects Ericsson for wireless network upgrades

AT&T has chosen Ericsson to provide specialized dual-band radios that will help the company use the wireless spectrum it recently bought from EchoStar. Spectrum refers to the invisible airwaves that carry data between cell towers and phones. By putting this new spectrum to work, the company can improve its network performance and reliability for customers across the country. This move is a routine but necessary part of maintaining a competitive network. To keep customers from switching to rivals, AT&T must constantly upgrade its physical infrastructure to handle more data and provide better signals in more places.

Source: PRNewsWire

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ProductFor the record
Aug 5

New kid-focused tablet launched on 5G network

The company has launched a new version of its tablet for kids, which now runs on its 5G network. AT&T is currently the only major carrier with a full line of devices built specifically for children, which it uses to attract families to its monthly service plans. While a single device launch does not change the company's overall value, it supports the strategy of finding niche ways to keep families locked into the AT&T ecosystem. If parents buy these specialized devices for their children, they are less likely to switch their entire family's wireless service to a competitor.

Source: PRNewsWire

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Company newsWorth watching
Aug 4

SpaceX signals plans to compete as a wireless carrier

SpaceX is moving beyond just providing internet to remote areas and now plans to compete directly for the customers of major carriers like AT&T. Its Starlink Mobile service can already provide coverage in dead zones where traditional cell towers cannot reach, and the company intends to expand this into a complete wireless service.

This is a potential long-term threat to AT&T's core business. While building a nationwide network of towers is incredibly expensive and gives AT&T a massive advantage today, SpaceX is trying to bypass that physical barrier by using satellites. If they can offer reliable service without the high costs of maintaining ground infrastructure, it could eventually force AT&T to lower its prices to keep customers.

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Company newsPositive
Aug 3

AT&T joins industry push for new security standard

AT&T, T-Mobile, and Verizon have all agreed to support a new security technology called MagicalAuth. This system uses hardware-based security on phones rather than traditional text-message codes, which are becoming easier for hackers to intercept using artificial intelligence. By working together on a single standard, the carriers make it easier for banks and apps to verify that a user is who they say they are. For AT&T, reducing fraud on its network helps lower its own costs and makes its service more valuable to business customers who need high levels of security.

Source: Business Wire

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Company newsPositive
Jul 31

AT&T to provide fiber for major AI data center

AT&T has reached an agreement with AZIO AI to be the primary provider of fiber interconnectivity for a massive new data center platform. These centers house the powerful computers used to run artificial intelligence, and they require enormous amounts of high-speed data capacity to function.

This deal shows how AT&T can profit from the AI boom without building the AI itself. By owning the physical fiber lines that these data centers need to talk to the rest of the world, AT&T is positioning itself as essential infrastructure. This provides a steady, long-term source of revenue that is separate from its traditional phone business.

AT&T analyst price targets

Analysts recently issued a flurry of rating updates and price target adjustments to reflect the company's shifting competitive landscape. Most analysts are split with 26 buys and 36 neutral or bearish ratings, but the average target suggests 14% upside.

Average target$27.13+14%vs $23.70 today
TodayAvg price
Low $20High $31
Hold62 analysts
6Bearish
30Neutral
26Bullish
FirmRatingPrice TargetDate
Morgan Stanley
Overweight
$25→$27
7/23/2026
Wells Fargo
Underweight
$18→$20
7/23/2026
Wolfe Research
Outperform
$29
7/23/2026
Goldman Sachs
Buy
$34→$30
7/22/2026
Scotiabank
Sector Perform
$31→$29.25
7/15/2026
Bernstein
Outperform
$30→$25
7/13/2026
Barclays
Equal Weight
$26→$24
7/8/2026
Wells Fargo
Underweight
$18
7/8/2026
Morgan Stanley
Overweight
$30→$25
7/7/2026
BNP Paribas
Neutral
$28
4/8/2026
Arete Research
Neutral
$28
3/10/2026
RBC Capital
Outperform
$29→$31
2/12/2026

AT&T earnings

The company has cleared its earnings targets for eight straight quarters. Management has a clear track record of setting reachable goals and then consistently meeting them.

Earnings history
EstimateBeatMiss
$0.46$0.56$0.65Oct '24Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26nextOct '26

AT&T past earnings results

ExpectedActualSurprise
EPS$0.59$0.65+10.2%
Revenue$31.80B$31.56B-0.7%

Key highlights

  • Stronger fiber and wireless growth: The company added 367,000 fiber customers and 432,000 phone subscribers this quarter, showing that its focus on high speed internet and wireless packages is winning over more users. This growth helped push service revenue for the advanced connectivity division up 5.1% to $23.5 billion.
  • Stock buybacks accelerating: Management plans to spend $10 billion on share repurchases in 2026, which is an increase in pace aimed at returning more value to shareholders. This is part of a larger plan to return over $45 billion through dividends and buybacks between 2026 and 2028.
  • Copper network decline continues: Revenue from older, copper-based services fell 25.9% to $1.6 billion as the company works to shut down these outdated systems by the end of 2029. While this hurts total sales, it allows the business to stop spending money on maintaining aging technology that few people want.
  • Fiber reach expanding: The network now passes 38.6 million locations, and the company added over 1 million new locations this quarter. This keeps the business on track to reach its goal of 40 million fiber locations by the end of 2026.
  • Positive full year outlook: For 2026, management expects to earn between $2.25 and $2.35 in adjusted profit per share and generate more than $18 billion in free cash flow. This forecast suggests the business is successfully replacing its shrinking legacy divisions with more profitable digital ones.

Our take: This was a very strong quarter where the plan to focus on fiber and 5G is clearly paying off. Adding 367,000 fiber users and raising the 2026 buyback target to $10 billion shows management is confident in their cash flow. It signals that the heavy lifting of modernizing the network is finally starting to reward long-term owners.

AT&T’s next earnings date

Q3 2026
OCT
28
Expectation
EPS$0.62
Revenue$31.69B

Metrics we are tracking

Metric
Expectations
Status
Fiber Net Adds
Adding at least 200,000 subscribers per quarter consistently
367,000 in Q2 2026
Postpaid Phone Churn
Staying below 0.80% for four consecutive quarters
0.86% in Q2 2026
Net Debt / EBITDA
Reaching 2.5x or lower by the first half of 2025
2.9x as of Q1 2024
Fiber ARPU Growth
Growing at 4% or more year-over-year
4.1% YoY in Q1 2024

More AT&T coverage from around the web

AT&T and Ericsson Enhance Wireless Capacity, Coverage, and Performance Nationwide

PRNewsWire · Press release · Aug 6

Why AT&T, Verizon and T-Mobile shares are down after SpaceX's earnings

Market Watch · Aug 5

AT&T's Exclusive Kids Device Line Gets an Upgrade with the New amiGO™ Jr. Tab 2

PRNewsWire · Press release · Aug 5

SpaceX says it's coming for AT&T, Verizon, and T-Mobile customers

Business Insider · Aug 4

Glide.id Beta Launches First Carrier-Native Cryptographic Authentication Across AT&T, T-Mobile and Verizon as AI Fraud Reaches Record Highs

Business Wire · Press release · Aug 3

AZIO AI Executes Master Services Agreement with AT&T to Provide Fiber Interconnectivity on its First 500MW AI Data Campus

Accesswire · Press release · Jul 31

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