BNP Paribas raises target for AT&T stock from USD 26.00 to USD 30.00
Published on 10/05/2026 at 11:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
AT&T Inc. (ISIN US00206R1023) stock was trading at EUR 21.71 at Lang & Schwarz on October 5, 2026 at 11:08 a.m. CEST, up 0.51 percent from the prior close of EUR 21.60. On September 21, 2026, BNP Paribas Exane upgraded AT&T from Neutral to Outperform and raised its price target from USD 26.00 to USD 30.00, according to Investing.com.
Wireless growth supports higher target
BNP Paribas lifted its forecast for postpaid phone average revenue per user growth to a 1.10 percent compound annual growth rate from 0.20 percent. The analyst view rests on lower handset subsidies, higher wireless rates and a more rational competitive landscape, according to Investing.com.
That forecast creates a direct test for AT&T: the company must convert stronger service pricing into recurring cash flow while funding fiber expansion and reducing leverage. The target increase from USD 26.00 to USD 30.00 represents a 15.38 percent rise in BNP Paribas' target, calculated against the former target.
Second-quarter figures show operating traction
In the second quarter of 2026, AT&T reported consolidated revenue of USD 31.6 billion, up 2.30 percent year over year. Adjusted earnings per share reached USD 0.65 against consensus of USD 0.59, while revenue came in below the USD 31.8 billion expectation, as reported by Yahoo Finance.
Advanced Connectivity service revenue increased 5.10 percent to USD 23.5 billion, and adjusted EBITDA rose 5.20 percent to USD 12.3 billion in the second quarter of 2026. AT&T also added 432,000 postpaid phone customers and 646,000 broadband connections, including 367,000 fiber lines and 279,000 fixed wireless connections, according to Yahoo Finance.
Price stays below the analyst target
AT&T's second-quarter 2026 cash generation reached USD 4.7 billion in quarterly free cash flow, while total debt stood at USD 144.0 billion. The contrast explains the market debate: operating growth is improving, but capital demands and debt reduction remain central to the valuation case.
The next earnings release is scheduled for October 21, 2026, according to MarketScreener. AT&T stock was trading at EUR 21.71 at Lang & Schwarz on October 5, 2026 at 11:08 a.m. CEST, plus 0.51 percent versus the Lang & Schwarz prior close of EUR 21.60. The further course of trading is shown by the continuously updated real-time quote of AT&T stock.
AT&T stock at a glance
- Company: AT&T Inc.
- ISIN: US00206R1023
- Ticker: T
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 5, 2026, 11:08 a.m. CEST): EUR 21.71
- Change versus prior close: plus 0.51 percent
- Prior close Lang & Schwarz (October 2, 2026): EUR 21.60
- Market capitalization: USD 166.5 billion (as of October 2, 2026)
- 52-week range: USD 19.89-29.44 (as of October 2, 2026)
- Sector / Industry: Communication Services / Telecom Services
- Next earnings date: October 21, 2026
