Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of March 2, 2026, AT&T Inc. (T) has a Wall Street consensus price target of $29.12, based on estimates from 61 covering analysts. With the stock currently trading at $28.00, this represents a potential upside of +4.0%. The company has a market capitalization of $196.02B.
Analyst price targets range from a low of $20.00 to a high of $33.00, representing a 45% spread in expectations. The median target of $30.00 aligns closely with the consensus average.
The current analyst consensus rating is Hold, with 27 analysts rating the stock as a Buy or Strong Buy,29 rating it Hold, and 5 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, T trades at a trailing P/E of 9.2x and forward P/E of 12.3x. Analysts expect EPS to grow -25.1% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $26.60, with bear and bull scenarios of $-1.70 and $34.67 respectively. Model confidence stands at 56/100, reflecting moderate uncertainty in projections.
The consensus price target for T is $29.12, close to the current price of $28 (4.0% implied move). Based on 61 analyst estimates, the stock appears fairly valued near current levels.
T has a consensus rating of "Hold" based on 61 Wall Street analysts. The rating breakdown is mixed, with 29 Hold ratings making up the largest segment. The consensus 12-month price target of $29.12 implies 4.0% upside from current levels.
With a forward P/E of 12.2581x, T trades at a relatively low valuation. The consensus target of $29.12 implies 4.0% appreciation, suggesting the market may be pricing in risks.
The most bullish Wall Street analyst has a price target of $33 for T, while the most conservative target is $20. The consensus of $29.12 represents the median expectation. Our quantitative valuation model projects a bull case target of $35 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
T is heavily covered by Wall Street, with 61 analysts providing price targets and ratings. Of these, 1 have Strong Buy ratings, 26 have Buy ratings, 29 recommend Hold, and 5 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month T stock forecast based on 61 Wall Street analysts shows a consensus price target of $29.12, with estimates ranging from $20 (bear case) to $33 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $27, with bear/bull scenarios of $-2/$35.
Our quantitative valuation model calculates T's fair value at $27 (base case), with a bear case of $-2 and bull case of $35. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 56/100.
T trades at a forward P/E ratio of 12.3x based on next-twelve-months earnings estimates compared to a trailing P/E of 9.2x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
T appears fairly valued according to analysts, with a "Hold" rating and minimal upside to the $29.12 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
T analyst price targets range from $20 to $33, a 45% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $29.12 consensus represents the middle ground. Our model's $-2-$35 range provides an independent fundamental perspective.