Wells Fargo Maintains Overweight Rating on AT&T (T), Adjusts PT to $27

AT&T Inc. (NYSE:T) is one of the most undervalued large cap stocks to invest in now. On January 26, Wells Fargo lowered the price target for AT&T to $27 from $29 while maintaining an Overweight rating. This sentiment was announced as part of the firm’s broader review of the wireless sector, where the firm noted that Q4 2025 fundamentals are expected to be stronger than anticipated, likely yielding upside in subscriber growth.

Despite this positive outlook on performance, Wells Fargo reduced price targets across the sector due to persistent concerns regarding increased competition, which the firm believes will continue to weigh on investor sentiment.

Earlier on January 13, Barclays reduced its price target for AT&T Inc. (NYSE:T) to $26 from $28 with an Equal Weight rating. The adjustment was part of a broader revision across the cable, satellite, and telecom services sector, reflecting the firm’s outlook for 2026. Barclays noted that 2026 could be a pivotal year for establishing a long-term operating roadmap for industry convergence, which may necessitate a shift in traditional capital allocation strategies across the sector.

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

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