Wall Street Divided On AT&T Stock, But Retail Braces For Rally Following Q1 Print

Two analysts gave AT&T, Inc. (T) mixed reviews on Monday, but retail traders are unanimously bullish on the stock.

While Raymond James analysts upped the price target for AT&T stock, Citi removed it from its “Focus List,” TheFly reported.

Raymond James analyst Frank Louthan maintained a ‘Strong Buy’ rating on AT&T stock, but he raised the price target to $30 from $29. The analyst said he expects the company to continue to drive value for investors with stock appreciation

Louthan expects wireless growth and a free cash flow ramp to bring investors to the name.

Raymond James named  AT&T its best “large-cap” return story over the next 12 months.

On the other hand, Citi’s decision to yank the stock off the “Focus List” is due to its recent outperformance vis-a-vis the broader market. According to the analyst, AT&T’s improved fundamental outlook is now partly reflected in the stock’s current valuation.

However, the brokerage said AT&T remained its overall top pick due to its belief that the company can sustain a balanced approach between price and volume for its strategic products to deliver on its financial growth targets.

Citi has a ‘Buy’ rating and a $32 price target for the stock.

On Stocktwits, retail sentiment toward the stock remained ‘bullish’ (65/100), but the message volume stayed ‘low.’

A bullish user expects the upcoming earnings report to catalyze a stock price move to $30. They also braced for a stock buyback from the company.

AT&T is scheduled to report its first-quarter results before the market opens on April 23.

Another user said the stock could see a reversal of the recent negative sentiment once the market stabilizes.

Despite Friday’s pullback amid the market-wide weakness set in motion by the tariff uncertainty, AT&T is the ninth best-performing stock this year.

The stock has gained over 18% so far this year. By the mid-session on Monday, the stock was up about 0.40% at $26.74.

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