TD Cowen Lowers AT&T (T) PT to $32 Following Mixed Q4 Results, Lower Promotional Activity

AT&T Inc. (NYSE:T) is one of the best large cap stocks to buy under $50. On January 29, TD Cowen lowered its price target for AT&T from $33 to $32 while keeping a Hold rating. The firm described the Q4 2025 results as mixed and noted that a shortfall in phone additions was offset by stronger-than-expected EBITDA. This performance suggested the company reduced its promotional activity during the holiday quarter.

However, on that day, Deutsche Bank analyst Bryan Kraft increased the price target for AT&T to $33 from $31 and kept a Buy rating. The adjustment followed the company’s strong Q4 2025 results. Kraft also highlighted the company’s new three-year guidance.

Furthermore, Oppenheimer lowered its price target for AT&T Inc. (NYSE:T) from $32 to $29 but maintained an Outperform rating. The firm noted that while the company met its 2025 targets with solid quarterly financials, the communications sector is entering a price war characterized by higher wireless churn, slowing subscriber growth, and increased promotional bundling. Despite these industry-wide pressures, Oppenheimer believes AT&T is better insulated than its peers.

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.