Is AT&T Stock Going to $34? 1 Wall Street Analyst Thinks So.
AT&T (NYSE: T) stock has been a strong performer, surging 64% over the last year. But Tigress Financial analyst Ivan Feinseth sees more upside following AT&T's first-quarter earnings report.The analyst recently maintained a buy rating on the shares and raised the firm's price target from $32 to $34, implying 23% upside over the current $27.71 share price. Can investors expect the stock to hit the analyst's price target over the next 12 months?AT&T has been outperforming the competition, and that trend continued in the first quarter. It reported 324,000 postpaid phone net adds, which refers to the monthly bills customers pay to use their phone. It also reported a healthy postpaid churn rate of 0.83%, indicating relatively low cancellations. Continue reading
AT&T (NYSE: T) stock has been a strong performer, surging 64% over the last year. But Tigress Financial analyst Ivan Feinseth sees more upside following AT&T's first-quarter earnings report.
The analyst recently maintained a buy rating on the shares and raised the firm's price target from $32 to $34, implying 23% upside over the current $27.71 share price. Can investors expect the stock to hit the analyst's price target over the next 12 months?
AT&T has been outperforming the competition, and that trend continued in the first quarter. It reported 324,000 postpaid phone net adds, which refers to the monthly bills customers pay to use their phone. It also reported a healthy postpaid churn rate of 0.83%, indicating relatively low cancellations.
