AT&T Q2 Earnings 'Strike Balance Between Growth And Profitability,' Analyst Says
Portfolio Pulse from Priya Nigam
AT&T reported solid Q2 earnings with strong wireless postpaid subscriber growth and service revenue increase. Analysts from Oppenheimer, Goldman Sachs, and Scotiabank have maintained positive ratings and raised price targets, highlighting the company's balance between growth and profitability.
July 25, 2024 | 3:29 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
AT&T's Q2 earnings report shows strong wireless postpaid subscriber growth and a 3.4% increase in service revenues. Analysts from Oppenheimer, Goldman Sachs, and Scotiabank have maintained positive ratings and raised price targets, indicating confidence in the company's balance between growth and profitability.
The positive earnings report and subsequent analyst ratings upgrades and price target increases suggest a favorable short-term outlook for AT&T's stock. The company's strong performance in wireless growth and service revenues, along with management's focus on balancing growth and profitability, are likely to drive investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100