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T

AT&T Inc

NYSE: T · COMMUNICATION SERVICES · TELECOM SERVICES

$26.13
+1.48% today

Updated 2026-04-29

Market cap
$182.93B
P/E ratio
8.62
P/S ratio
1.45x
EPS (TTM)
$3.04
Dividend yield
4.17%
52W range
$23 – $29
Volume
40.4M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

AT&T Inc (T) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$26.13
Consensus
$30.83
+17.99%
2030 Target
$246.47
+843.25%
DCF
$32.15
+19.91% MoS
28 analysts:
14 Buy5 Hold0 Sell

Management guidance

AT&T announced a $250 billion network investment commitment over five years (2026-2030), positioning itself as essential AI infrastructure. CEO John Stankey emphasized this investment will drive long-term connectivity growth and competitive positioning. Specific revenue targets for 2026-2030 were not quantified in available guidance, but the massive capex commitment signals management expects sustained revenue growth to justify the investment.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$410.79
$144.1B Rev × 20x P/S
Base case (2030)
$246.47
$144.1B Rev × 12x P/S
Bear case (2030)
$164.31
$144.1B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$122.4B$122.3B$125.6B$131.2B$134.0B$137.2B$140.6B$144.1B
Revenue growth—-0.1%2.7%4.4%2.1%2.4%2.5%2.5%
EPS$2.41$2.28$2.11$2.34$2.60$2.78$2.95$3.12
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$223.81$229.47$235.14$240.80$246.47

Catalysts & risks

Growth catalysts
+ $250 billion network investment plan (2026-2030) targeting AI infrastructure and 5G/fiber expansion
+ OneConnect unlimited connectivity bundle (wireless + home internet) launching to drive customer consolidation and ARPU growth
+ FirstNet public safety network agreement and $2 billion emergency cellular network upgrade deal
+ 5G and fiber network maturation enabling higher-margin service bundles and business customer expansion
+ AI-driven network services monetization and enterprise connectivity solutions
Key risks
- Intense competition from Verizon and T-Mobile limiting pricing power and subscriber growth
- Saturated U.S. wireless market constraining organic subscriber growth and ARPU expansion
- High capital expenditure burden ($250B over 5 years) pressuring free cash flow and dividend sustainability
- Macro headwinds and potential recession reducing consumer spending on connectivity services
- Regulatory and supply chain disruptions impacting network deployment timelines

Methodology

AT&T Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 28 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.