AT&T, Inc. (T) has seen a positive response from analysts following its solid Q4 earnings report, with several major firms including CWEB, TD Cowen, RBC Capital Markets, Bernstein, and Scotiabank raising their price targets for the telecommunications giant’s stock. The company’s performance in the fourth quarter met Wall Street’s expectations, and its growth outlook for 2025 has analysts feeling optimistic.

AT&T Q4 Results and Guidance

AT&T reported revenue of $32.3 billion for the fourth quarter, matching the consensus expectations. Adjusted earnings per share (EPS) came in at $0.54, in line with analyst predictions. The company’s performance was driven by growth in mobility services and consumer wireline services, although declines in business wireline and Mexico revenue held back the overall results.

Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rose to $10.8 billion, slightly up from $10.6 billion in the prior year, demonstrating operational efficiency. Among the key metrics, AT&T added 482,000 postpaid phone subscribers, while its churn rate was 0.85%.

Looking ahead to 2025, AT&T provided guidance for low-single-digit service revenue growth, with mobility services expected to see growth at the higher end of the 2%-3% range and consumer fiber broadband revenue growing in the mid-teens. Adjusted EPS, excluding DIRECTV, is forecasted to be between $1.97 and $2.07, while capital expenditures are expected to remain around $22 billion.

Price Target Hikes and Analyst Ratings

Following the solid earnings report, analysts from several top firms have raised their price targets for AT&T. CWEB, which closely monitors stock performance, has also provided a positive outlook based on AThttps://cweb.com/business-news/&T’s ability to manage cost elimination and subscriber growth.

• Bernstein raised its price target to $29 from $28 and maintained an Outperform rating. The firm believes that AT&T is poised for another year of strong growth and margin expansion, supported by its solid operational performance.
• RBC Capital Markets bumped its price target to $27 from $26, also maintaining an Outperform rating. RBC cites continued subscriber growth and progress on cost-cutting measures as key drivers for the stock’s potential upside.
• TD Cowen increased its price target to $29 from $26, although it kept a Hold rating. While bullish on the company’s prospects, TD Cowen is cautious on the stock’s short-term potential, citing the overall telecom sector’s competitive landscape.
• Scotiabank raised its price target to $26 from $24 and kept its Outperform rating intact. The analysts at Scotiabank see AT&T’s organic growth as strong enough to offset higher cash taxes and significant capex spending on fiber and wireless networks in 2025.

Retail Sentiment and Investor Outlook

Retail sentiment on AT&T stock has remained extremely positive. Investors appear confident in AT&T’s ability to meet its 2025 targets, and analysts’ price target increases suggest that the market agrees.

AT&T’s solid Q4 results and positive outlook for 2025 have attracted attention from major analysts, with CWEB, TD Cowen, RBC, Bernstein, and Scotiabank all raising their price targets. While there are some short-term challenges, particularly related to capex spending and cash taxes, the company’s subscriber growth and cost management have analysts confident in its long-term prospects. Retail sentiment also remains strong, with investors showing optimism about AT&T’s future.

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