UBS Raised the PT on AT&T (T), Keeps a Buy Rating
AT&T Inc. (NYSE:T) is one of the 10 Best and Cheap Stocks to Buy Now. On June 18, UBS raised the price target on AT&T Inc. (NYSE:T) from $30 to $31 while maintaining a Buy rating on the stock. The increased price rating is based on the improved confidence in the company's prospects and its strategic position in the competitive wireless market condition.
AT&T Inc. (NYSE:T) released its Q1 2025 results on April 23. The company grew its revenue to $30.6 billion, reflecting a 2% year-over-year increase. The growth was driven by higher Mobility and Consumer Wireless revenue. In addition, the company added 324,000 postpaid customers with a churn rate of 0.83%.
Looking ahead, management sees the Mobility Services revenue growing between the range of 2% to 3% for the full year. UBS notes that in Q2, wireless competition remained intense as carriers continued offering trade-in deals and switching promotions for most of the quarter. UBS believes the competitive environment is anticipated to result in higher gross additions and better subscriber churn rate.
While we acknowledge the potential of T as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
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