Where AT&T Stands With Analysts
Portfolio Pulse from Benzinga Insights
In the last quarter, AT&T (NYSE:T) received 3 bullish, 1 somewhat bullish, and 7 indifferent ratings from analysts. The company's average 12-month price target is $18.55, a decrease of 10.73% from the previous average of $20.78. Analysts base their ratings on predictions of a company's future earnings and the predictability of its revenue streams.
August 07, 2023 | 2:00 pm
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AT&T received mixed ratings from analysts in the last quarter, with a majority being indifferent. The decrease in the average 12-month price target could potentially impact the stock's performance.
Analyst ratings can influence investor sentiment and thus, the stock price. The decrease in the average 12-month price target suggests a lower expected return, which could potentially lead to a decrease in demand for the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100