Bernstein analyst Laurent Yoon has maintained their bullish stance on T stock, giving a Buy rating on April 22.
Laurent Yoon has given his Buy rating due to a combination of factors including AT&T’s strong subscriber growth and bundling strategy. The company has exceeded expectations with a significant increase in postpaid phone net additions, which highlights its robust market positioning and effective use of its fiber network.
Additionally, AT&T’s fiber and fixed wireless access (FWA) segments have shown impressive growth, with fiber subscriptions on track to surpass 1 million net additions for the year. The bundling of services has led to reduced churn and increased customer lifetime value, contributing to a 4.4% year-over-year growth in EBITDA and improved margins. Despite potential macroeconomic challenges, AT&T’s proactive cost management and strategic positioning support the positive outlook.
In another report released on April 22, Bank of America Securities also maintained a Buy rating on the stock with a $28.00 price target.