Bernstein cuts target for AT&T stock to USD 24.00 on Starlink pressure

Published on 10/16/2026 at 09:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 2.30 percent to USD 31.56 billion. AT&T stock costs EUR 20.90 on October 16, 2026 before October 21 results.

Analyst pressure and earnings dates

Bernstein downgraded AT&T on October 13, 2026 over Starlink competition.
Second-quarter revenue rose 2.30 percent to USD 31.56 billion.
AT&T stock trades at EUR 20.90 at 9:14 a.m. CEST at Lang & Schwarz on October 16, 2026.
AT&T is scheduled to report third-quarter results on October 21, 2026.

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AT&T Inc. (US00206R1023) was trading at EUR 20.90 at Lang & Schwarz on October 16, 2026 at 9:14 a.m. CEST. Bernstein downgraded AT&T to Market Perform from Outperform and cut its price target from USD 25.00 to USD 24.00 on October 13, 2026, citing competition from SpaceX's Starlink expansion, as Investing.com reported.

What changed before earnings?

The downgrade puts the upcoming operating update at the center of the debate. AT&T is scheduled to report third-quarter results before the US market opens on October 21, 2026, according to Yahoo Finance.

MarketBeat reported that AT&T generated USD 31.56 billion in revenue in the quarter ended June 30, 2026, up 2.30 percent from the prior-year quarter. Reported earnings per share reached USD 0.65 against a USD 0.59 consensus estimate.

Three analyst dates shape the story

On July 22, 2026, AT&T reported USD 31.56 billion in quarterly revenue and USD 0.65 in earnings per share, according to MarketBeat. Scotiabank lowered its target from USD 27.50 to USD 26.50 on October 9, 2026, while Bernstein cut its target from USD 25.00 to USD 24.00 on October 13, 2026, as MarketBeat and Investing.com reported.

Upcoming dates matter more

The next scheduled report is October 21, 2026. AT&T's quarterly dividend of USD 0.2775 per share is scheduled for payment on November 2, 2026, according to MarketBeat.

AT&T stock awaits the report

The earnings release will show whether the second-quarter revenue increase and earnings beat can offset the competitive concerns behind the latest target cuts. AT&T's primary listing is on the NYSE under ticker T.

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