AT&T (T) Positioned for Higher Share Buybacks Through 2029, Goldman Sachs Maintains Buy

AT&T Inc. (NYSE:T) ranks among the champion telecom stocks to put in. On December 19, Goldman Sachs reduced its terms people for AT&T Inc. (NYSE:T) to $29 from $33, maintaining a Buy standing connected the company’s shares. According to the firm, AT&T Inc. (NYSE:T) is expected to gain an 8% escaped currency travel CAGR done 2029, which volition alteration faster stock repurchases, powered by accordant Mobility EBITDA growth, rapidly increasing fibre transmissions, and amended Business Wireline trends.

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Goldman Sachs added that AT&T’s industry-leading superior expenditure and increasing fibre footprint, which could beryllium strengthened by the Lumen Mass Markets acquisition, should boost convergence benefits and hole the web for expanding AI-driven traffic.

Conversely, connected December 15, Wolfe Research downgraded AT&T Inc. (NYSE:T) to Peer Perform from Outperform, citing a “wait and see” stance. Although the steadfast continues to spot AT&T Inc. (NYSE:T) arsenic a semipermanent strategical winner, it identified accrued near-term risks owed to evolving marketplace conditions.

Wolfe claims that pricing and promotional adjustments could person an interaction connected postpaid telephone ARPU maturation successful 2026, which the steadfast projects volition beryllium lone 0.3% year-over-year, arsenic good arsenic subscriber growth.

Leading telecommunications steadfast AT&T Inc. (NYSE:T) provides a wide scope of wireless connection services and information solutions to a fig of lawsuit groups, including corporations, governmental organizations, wholesale customers, and idiosyncratic consumers.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.