AT&T Stock Forecast & Price Predictions for 2024, 2025-2026 and Beyond | LiteFinance (2024)

AT&T's share price has languished over the past few years as the telecom giant struggles to reignite growth and justify its rich valuation. With the stock down nearly 40% from its 2016 highs, investors are searching for signs AT&T may be turning a corner and have a more promising outlook ahead. Our analysis of AT&T's business fundamentals and recent forecasts suggests a mixed picture - while competitive and debt pressures will likely persist, opportunities in 5G, fiber broadband, and HBO Max could catalyze an upside rebound.

As debates continue over AT&T's growth prospects, this article will examine its valuation drivers in-depth. Reviewing historical trends, business segment performance, capital allocation plans, and market cycle positioning, we aim to reduce the noise and offer reasoned projections for AT&T's future stock price.

Main takeaways: AT&T Stock Forecast 2024-2030

• The AT&T stock price for today, 21.04.2024 is $16.50.
• Most analysts see AT&T stock trading in a range of $18-28 per share through 2024 as competitive pressures persist.
• Forecasts from Gov Capital predict AT&T stock will hit $32 by mid-2025, driven by 5G network expansion, fiber/HBO Max growth, and debt reduction. At the end of the year the price is expected to be at around $30-$35.
• CoinPriceForecast also sees a growth potential for AT&T. The expected range for 2025 is $22 - $23 per share.
• Long-term predictions show varied opinions, with both upward and downward trends forecasted. The stock price can reach $133 in a bullish scenario and fall below $14 in the bearish scenario.
• Key upside catalysts are 5G and fiber investments, HBO Max subscriber growth, wireless pricing power, and moderating capital expenditures.
• Risks include T-Mobile/Verizon competition, high debt obligations, and possible cord-cutting acceleration.

AT&T Stock Price Today Coming Days and Week

When analyzing the price of AT&T Inc. (ticker: #T) for the short term, consider these technical analysis tools:

• Moving Averages: Utilize short-term moving averages, such as the 5-day and 10-day, to track the current trend direction. Moving average crossovers can indicate potential buying or selling opportunities.
• Relative Strength Index (RSI): The RSI is useful for identifying overbought (above 70) or oversold (below 30) conditions, suggesting potential reversal points in the stock's price movement.
• MACD (Moving Average Convergence Divergence): Monitor the MACD for momentum shifts, especially when the MACD line crosses above or below the signal line, indicating possible trading opportunities.
• Bollinger Bands: Bollinger Bands can offer insights into market volatility. When the price touches or exceeds the bands, it might indicate an overextended market condition, potentially leading to a reversal.
• Volume Analysis: Analyze trading volume to confirm the strength behind price movements. An increase in volume alongside price movements indicates strong market interest.
• Candlestick Patterns: Look for specific candlestick patterns (e.g., hammers, engulfing patterns, dojis) that may suggest short-term price movements and trader sentiment.
• Support and Resistance Levels: Identify key support and resistance levels through recent price highs and lows. These levels can act as barriers or targets for the stock's price movements.

When forecasting the weekly price of AT&T Inc. (T) shares, consider these crucial factors:

• Industry News: Stay informed about developments in the telecommunications and media sectors, as events such as regulatory changes, technological advancements, or competitive dynamics can impact AT&T's stock.
• Company Announcements: Pay close attention to any AT&T-specific news, including earnings reports, dividend announcements, strategic initiatives, or partnerships, which can directly influence investor sentiment and stock prices.
• Economic Indicators: Monitor relevant economic data, such as interest rates, inflation figures, and employment statistics, as these can affect the overall market environment and investor behavior towards stocks like AT&T.
• Market Sentiment: Gauge the overall market sentiment and investor attitudes towards AT&T by reviewing analyst ratings, media coverage, and investment research reports, which can provide insights into potential stock movements.
• Dividend Yield: Given AT&T's status as a dividend-paying stock, consider the current dividend yield and any announcements related to dividend changes, as this can attract or deter income-focused investors.
• Competitive Landscape: Consider the impact of actions taken by AT&T's competitors within the telecommunications and media industries, as these can affect AT&T's market share and growth prospects.

By taking these factors into account, you can gain a more comprehensive view of the potential price movement of AT&T shares over the coming week.

AT&T Stock Projections for 2024: Analysts’ Recommendations

As we venture into 2024, the financial landscape for stock is marked by a blend of cautious optimism and analytical scrutiny. Drawing from a spectrum of expert analyses and predictive models, the general consensus indicates a nuanced trajectory for AT&T's stock performance.

TipRanks.com underscores this trend, leveraging expert opinions and market data to forecast potential growth. According to their opinion, the AT&T's stock will be fluctuating in the range of $19.69 - $28 with the lowest expected price of $15. StockAnalysis.com delves deeper into historical performance and future projections, hinting at both opportunities and challenges. Their predicted range is much the same as the forecast from the TipRanks.com. Collectively, forecasts paint a picture of AT&T's stock that is rich in possibilities, yet tempered by market realities, providing investors with a multifaceted view as they navigate the investment landscape in 2024.

The most likely outlook is AT&T shares trading sideways in the $18-$28 range throughout 2024. While the company faces legacy pressures, progress in expanding 5G coverage and HBO Max subscribers could act as stabilizing catalysts. But AT&T must demonstrate consistent execution on strategic goals so analysts can bet on a potential upside next year.

AT&T (T) Stock Technical Analysis

To determine the stock price for the next few months and 2024, let's conduct a technical analysis of H4, D1, W1, and MN price charts. Technical indicators MACD, RSI, Stoch, MA Cross, and OBV will help us make a more accurate forecast. These indicators identify liquid support and resistance levels, as well as the intensity of the current trend and overbought/oversold zones for an asset.

Chart and candlestick patterns will help traders find favorable entry points into trades and potential reversals on the price chart. The most common patterns are engulfing, harami, marubozu, and variations of the doji candle. Head and shoulders, symmetrical triangle, double top patterns are also often found in charts.

To determine the general market sentiment and where the price of a trading instrument is currently located, it is first necessary to analyze the monthly timeframe.

The monthly chart shows a bearish trend that began in December 2016. From December 2018 to January 2020, there was an upward correction, which was stopped by the coronavirus pandemic. In February 2020, AT&T quotes continued to decline, forming a falling wedge chart pattern. The company's share price has almost halved since 2016.

The key level of 14.00 played an important role in supporting the bulls. At this level, purchases intensified, and the formation of an upward price reversal began. This is confirmed by the hammer, bullish engulfing, and long-legged doji candlestick patterns. They signal that an asset has reached the zone of low values and warn of a reversal.

In addition, before the breakout of the falling wedge, another inverted hammer reversal candlestick pattern formed under the resistance level of 17.53. At the moment, buyers are trying to consolidate the price above the trend line and resistance level of 17.53, trading in the zone of 16.93.

The MACD and Stochastic indicators show an upward reversal and the formation of a hidden bullish divergence. Trading volumes based on the OBV indicator have been increasing since August 2022, which is a positive signal. The MA Cross indicator shows that the asset is trading below the moving averages MA50 and MA200. This indicates major bull resistance at the levels of 20.71 and 23.49.

AT&T stock price analysis for 3 months

Let's make a 3-month #T forecast by analyzing H4 and D1 charts.

The H4 chart shows a long-term ascending structure in which a three-top pattern has formed. This bearish reversal pattern signals weakening bullish potential and massive pressure from sellers from the key selling zone of 18.18-17.53.

However, Stochastic reversed in the oversold zone of the asset and broke out the lower border of the indicator upward. MACD is growing in the negative zone, approaching the zero border. According to the OBV indicator, market volumes are in a narrow range, which may indicate that major traders are accumulating positions. MA Cross has formed a golden cross pattern, the potential of which is gradually decreasing.

The daily chart also shows the formation of a triple top pattern and a price reversal at the level of 18.18. This is confirmed by the hanging man pattern, which signals that the asset has reached the high price zone. Additionally, the bearish three crows continuation pattern

formed around the level of 17.53.

At the moment, AT&T quotes are forming a bear flag pattern, the target for which is the support level of 15.53. An impulse breakout of the lower border of the pattern will mean that this pattern has begun to work out.

The MACD indicator is increasing in the negative zone. The Stochastic indicator values have reached the lower border and are moving sideways. The daily chart also shows sideways dynamics of trading volumes according to the OBV indicator. Judging by the higher timeframe D1, pressure from sellers is growing.

Long-term AT&T stock price analysis for 2024

Let's do a technical analysis of the W1 chart for a more detailed AT&T stock price forecast for 2024.

The weekly AT&T timeframe confirmed the impending downward reversal from the 18.18-17.53 zone and the continuation of negative dynamics. Dark cloud cover patterns at 16.18 and 18.18 signal bearish pressure.

Buyers failed to consolidate the price above the trend line of the large falling wedge pattern, and it reversed down. In addition, the price is below the moving average MA200. The MACD and Stochastic indicators demonstrate the formation of a bearish divergence for the instrument.

Below is an approximate forecast of #T minimum and maximum values for 2024 based on technical analysis.

Long-term trading plan for AT&T Inc. (#T)

The technical condition of the AT&T stock chart is assessed as negative.

During the analysis, the main support/resistance lines were identified that can be used in a trading strategy.

The trading plan for the next three months, based on technical analysis, is below:

• a bearish flag pattern is forming in the daily chart with a target around 15.43. Its implementation will strengthen the negative dynamics for the instrument;
• an alternative scenario implies price consolidation above 17.53. In this case, buyers will be able to recover to the range of 18.18-19.68;
• key support levels are 16.18, 15.43, 14.74 and 13.90;
• key resistance levels are 17.53, 18.18, 18.97 and 19.68.

The trading plan for 2024, according to the analysis, is below:

• a preliminary analysis of the monthly chart showed that an uptrend reversal is possible. However, a more detailed assessment of other timeframes indicates a continuation of the downtrend;
• positive dynamics are expected in the second half of 2024;
• the key support levels for 2024 are 16.18, 14.04 and 12.27;
• the key resistance levels for 2024 are 17.53, 18.18, 20.71, 23.49 and 25.48.

AT&T Stock Forecast for 2024

In the financial orbit, predictions serve as the North Star guiding investors through the labyrinth of stock market investing. Given its critical role in the contemporary digital wave, the telecommunications titan AT&T finds itself at the core of such deliberations. As we sail into 2024, the spectrum of forecasts for AT&T's stock price mirrors a blend of optimism spurred by strategic ventures into 5G, fiber optics, and the entertainment sphere with HBO Max, juxtaposed against the shadows cast by competitive rivalry, cord-cutting trends, and the behemoth of debt load.

CoinPriceForecast

According to CoinPriceForecast's latest long-term forecast, AT&T stock is expected to reach a mid-year price of $18.99 and rise to $21.19 by the end of the year. Main drivers of the price rise are continued expansion of their 5G and fiber optic networks, increasing demand for high-speed broadband, and growing uptake of HBO Max streaming. CoinPriceForecast sees room for moderate subscriber and revenue growth in wireless, helped by 5G coverage expansion.

The company's investments in fiber are predicted to start significantly offsetting declines in legacy wireline services by 2024. However, AT&T still faces risks from high debt burdens and possible further cord-cutting that could limit share price appreciation. But overall, 2024 is viewed by CoinPriceForecast as a potential inflection point where AT&T's long-term strategic initiatives like 5G, fiber, and HBO Max begin delivering results after years of investment, potentially lifting the stock back toward $30. Execution challenges remain a risk, though.

GOV Capital

According to GovCapital, with the AT&T price fluctuating at around $13.8 at the mid-year and closing the year at the level of average $12.25.

AT&T Stock Forecast for 2025

Looking ahead to 2025, what AT&T's stock price might do is just a well-informed guess, giving us some ideas about how it could go up or down. The scarcity of detailed monthly forecasts necessitates a systematic approach to derive a coherent price trajectory rooted in the available data points. Let’s have a look at the major price predictions to form the general picture.

CoinPriceForecast

The forecast on the specified website suggests that AT&T's stock price in 2025 could range from $22.26 mid-year to approximately $23.33 by the end of the year, indicating a substantial +42% increase​.

The forecast seems to anticipate a dynamic market response for AT&T, influenced by various economic and industry-specific factors. This implies that investors should expect variability in stock performance, aligning with typical market uncertainties and the evolving telecommunications landscape.

GOV Capital

The forecast from GOV Capital suggests an upward trend for AT&T's stock price as it enters 2025. The stock price is predicted to be around $36 on January 13, 2025, and fluctuate in the range of average $30 - $36. This trend signifies a positive outlook at the beginning of 2025 after a slight downturn in 2024.

Long-Term AT&T Stock Forecast for 2026 and Beyond

The long-term projection for AT&T's stock price mostly suggests a consistent upward trend. The company, a significant player in the telecommunications sector, appears well-positioned to capitalize on new technology markets and is expected to manage market fluctuations effectively.

CoinPriceForecast

The chart encapsulated herein offers a year-by-year breakdown of AT&T's stock price from 2026 to 2030. Here is an opinion of CoinPriceForecast.com.

GOV Capital

GOV Capital has a positive forecast about AT&T price development throughout 2026 - 2029 with the stock reaching around $133.075 by 2029.

AT&T’s Historical Price Fluctuations: Timeline

The financial performance of AT&T, a major telecommunications company, is complex, with its share of ups and downs, shaped by its company's choices and the broader market environment. A stroll down memory lane of AT&T’s stock reveals how past events have shaped its financial contour, laying the groundwork for future projections.

In 2016, AT&T's stock had a turbulent year, seeing a significant drop in October after the company announced plans to buy Time Warner. However, after the initial shock, the stock recovered by the end of the year, helped by the effective merger with DirecTV, which led to notable profits in that area of their business.

The subsequent year, 2017, saw AT&T grappling with fierce competition as Sprint Corp endeavored to ally with Comcast Corporation and Charter Communications, Inc. The proposed alliance posed a formidable competitive landscape, while challenges in the wireless services sector further tightened the noose around AT&T’s financial performance, leaving the stock price hovering near $40 by year-end.

In 2018, AT&T's stock price fell by 17.4% in the year's first half. This drop reflected the market's response to disappointing quarterly earnings, the Department of Justice's antitrust lawsuit over the Time Warner merger, and doubts about the merger's future success. Even though the court approved the merger without requiring AT&T to sell any assets, the stock price kept falling, partly due to the loss of 359,000 DirecTV customers in the third quarter.

The dawn of 2019 brought a silver lining as AT&T rekindled investor confidence by vowing to steer clear of new acquisitions and jettison unprofitable non-core ventures. This strategic pivot and its standing as a favored dividend stock saw the firm claw back to a $40 stock price.

As AT&T neared a potential new zenith, the onslaught of the COVID-19 pandemic in 2020 capsized its financial boat, plunging the stock rate near $26 by March 23. The ensuing period through the first half of 2021 saw the stock meandering within the $27-$32 range, reflecting the overarching market uncertainties and AT&T’s corporate debt narrative.

The history of AT&T's stock price changes is not just a record of what has happened; it also helps predict its future financial performance. Knowing the past is critical to managing the future, so AT&T's stock history is significant for making long-term economic predictions.

Key Factors That Affect AT&T Stock Price in 2024 & Beyond

Several factors could significantly impact AT&T's stock price in the upcoming years. One primary consideration is AT&T's Free Cash Flow (FCF), which reflects the company's capacity to sustain its dividend.

Additionally, AT&T's commanding position in the US telecom sector, boasting a 46% market share in wireless subscriptions, contributes to its stock's appeal. However, a massive debt load remains a concern, with efforts underway to reduce it by allocating a portion of FCF towards debt reduction, aiming for a specific net debt-to-adjusted EBITDA ratio by 2025​​.

Is It Good to Invest in AT&T?

Investing in AT&T (T) comes with its fair share of opportunities and challenges. The telecommunications giant has had a historical knack for maintaining a robust dividend payout, which is often seen as a lucrative prospect for income-oriented investors. The firm’s strategic diversification into burgeoning domains like 5G, fiber, and HBO Max showcases its adaptive stride toward evolving market dynamics. Moreover, the steady effort to pare down its substantial debt showcases a responsible fiscal approach.

However, despite reduction efforts, the hefty debt load and the competitive pressure in the telecom sector are concerning factors. Moreover, the historical financial entanglements from past acquisitions like DirecTV and Time Warner cast a long shadow, making it imperative for potential investors to tread cautiously.

The forecasts for 2024 suggest a fluctuating stock price, with potential stabilizing factors from strategic advancements. Long-term projections vary, with some analysts predicting a consistent upward trend while others foresee a gradual decline. In conclusion, while strategic developments might stabilize the stock, investors are advised to weigh these insights against inherent market risks and make decisions based on their individual risk assessments and investment goals.

Price chart of T in real time mode

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.