Bernstein Remains Bullish on AT&T (T) Amid Rising Competition

AT&T Inc. (NYSE:T) is included in our list of the 10 Goldman Sachs undervalued stocks to invest in.

On January 16, 2026, AT&T Inc.’s (NYSE:T) price target was reduced by Bernstein from $31.00 to $30.00, with ‘Outperform’ rating remaining intact. The update came as the firm views 2026 as a year of heightened competition in the sector. This stance builds on the trend of increasing competition seen in the previous year. The investment firm discussed challenges in both the cable operator and traditional wireless segments, reflecting broader industry headwinds. Looking ahead, the firm expects limited stabilization, with competition projected to remain elevated in 2026.

Meanwhile, on January 8, 2026, AT&T Inc. (NYSE:T) announced the launch of AT&T IoT Network Intelligence, an innovative solution that offers enterprises deeper visibility into the performance of 4G- and 5G-connected devices. Looking ahead, the company aims to capitalize on the platform’s device-level KPIs, location-based insights, and analytics capabilities, which position IoT as a key long-term growth catalyst, driving the company’s growth by enhancing efficiency and security for customers.

AT&T Inc. (NYSE:T) offers wireless, broadband, and wireline telecommunications services across the U.S., as well as additional wireless operations in Mexico. It serves consumers and enterprises through its Communications and Latin America segments.

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