Focus on Fiber Footprint to Bolster Market Position for AT&T (T)

AT&T Inc. (NYSE:T) is one of the best communication services stocks according to Hedge Funds.

On January 5, KeyBanc Capital Markets described AT&T Inc. (NYSE:T) as one of its top Communications and IT Infrastructure picks for 2026. The firm assigned a Buy rating with a target price of $30, suggesting an upside potential of 25%.

KeyBank forecasts an EBITDA growth of 4% in the coming year, that will be followed by 4-5% range up to 2030. This overweight rating is also attributed to the company’s strategic focus towards fiber development that will further bolster its positioning within the Wireless/Cable sector.

Mike Ng from Goldman Sachs also reaffirmed his outlook on AT&T Inc. (NYSE:T). On December 19, Ng assigned a Buy rating to the stock with a downward revision in price target from $33 to $29. The stock now offers 21% upside, with approximately 8% cumulative growth in free cash flow through 2029.

Ng also emphasized the company’s increasing fiber footprint and believes that such ambitions will benefit the business through AI-driven traffic.

AT&T Inc. (NYSE:T) is a telecom and technology services provider that has worldwide operations. It provides 4G/5G-enabled wireless, fiber ethernet, broadband, managed professional services, and business solutions. It has two distinct segments, i.e., Communications and Latin America.

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