Argus Research Rates AT&T (T) Buy, $30 Price Target

On October 22, 2026, Argus Research kept its upbeat stance on AT&T Inc. [NYSE: T], reiterating its Buy rating on the telecom provider alongside an unchanged price target of $30.00. The research note outlines a bullish forward-looking view on the company's business prospects despite broader market headwinds. AT&T closed at $22.64 on the day of the announcement.

T AT&T Inc.

$22.43 ▼ -4.31% year to date

1M 3M YTD

Daily close · Oct 22, 2026

Argus Research's Call on AT&T Inc.

Argus Research chose to leave its outlook untouched, maintaining both its Buy rating and its $30.00 price target on October 22, 2026. This forward-looking endorsement suggests the firm sees room for the stock to run higher from recent levels. The firm held its target steady at $30.00, matching its previous target.

Other Institutional Activity in AT&T Inc.

Foster Victor Wealth Advisors grew its holdings by 54,321 shares, ending with 586,155 shares worth about $13,598,797. Newport Trust Company, LLC trimmed its position by 753,830 shares, ending with 178,729,595 shares worth about $4,045,544,423.

AT&T Inc. Stock Down 4.2%

AT&T recently traded around $22.43 as of October 22, 2026, down about 0.9% from its event-day close of $22.64. The stock sits below its 50-day moving average of $24.85 and below its 200-day moving average of $25.08. Shares have moved between a 52-week low of $19.89 and a 52-week high of $29.44.

Recent Earnings

AT&T reported trailing-twelve-month revenue of $127.24 billion and earnings of $1.87 per share. The company operates with a net profit margin of 16.9% and a return on equity of 18.3%.

Dividend

AT&T pays an annual dividend rate of $1.11 per share, yielding 4.74%. The payout ratio stands at 36.6%.

Analysts Set New Price Targets

On October 22, 2026, Barclays maintained its Equal-Weight rating while moving its price target from $24.00 to $21.00. On the same day, JP Morgan maintained its Overweight rating and lowered its price target from $33.00 to $31.00. TD Cowen maintained a Hold rating on the stock with a $33.00 price target. Keybanc maintained its Overweight rating while moving its price target from $36.00 to $33.00. Across 23 analyst opinions, the stock carries a consensus buy recommendation and a mean price target of $28.59.

About AT&T Inc.

AT&T Inc. provides telecommunications and technology services to customers around the world. The company operates through two main segments focused on communications and Latin America. Its primary offerings include wireless voice and data services, alongside handsets, accessories, and network solutions sold through corporate stores and third-party retailers. Analyst views like those from Argus help investors weigh the company's steady cash flow against its heavy debt load.

Bottom Line

Investors tracking AT&T will want to watch upcoming earnings reports and further institutional filings to see if other research firms follow Argus in backing the stock. The current consensus points toward a generally favorable outlook from Wall Street analysts.