Barclays Cuts AT&T (T) PT to $28 Following Q3 Results, Industry Concern

AT&T Inc. (NYSE:T) is one of the most undervalued large cap stocks to buy right now. On October 23, Barclays analyst Kannan Venkateshwar lowered the firm’s price target on AT&T to $28 from $30 and kept an Equal Weight rating as the company’s Q3 results and commentary confirm Barclays’ concerns regarding shifts in the industry’s growth trajectory.

On the same day, Brandon Nispel from KeyBanc maintained a Hold rating on AT&T without setting a price target on the company’s shares.

Later on October 24, AT&T announced the launch of Connectopia at the Intuit Dome. Connectopia is the first immersive, AI-driven world-building experience designed exclusively for the AT&T Deck at the arena. Powered by AT&T Fiber and 5G, the activation combines innovative technology and 8K visuals to create cinematic worlds locally and in real time. The technology features the world’s first interactive AI experience that creates these 8K worlds and is built on a future-ready, dynamic platform.

AT&T Inc. (NYSE:T) provides telecommunications and technology services worldwide. The company operates through two segments: Communications and Latin America.

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.

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Disclosure: None. This article is originally published at Insider Monkey.