TD Cowen analyst Gregory Williams has increased the price target for AT&T (T) from $29 to $30, while maintaining a Hold rating on the stock. The decision follows AT&T's robust performance in the first quarter of 2025, which exceeded expectations. Key highlights include stronger-than-anticipated phone and Fixed Wireless Access (FWA) additions, as well as improved Business Wireline EBITDA.
Additionally, the company has ramped up its stock buyback efforts, reflecting confidence in its financial health and current market conditions. The firm believes that AT&T's outlook remains solid, showing resilience against potential tariff changes and economic downturns. This suggests the company's guidance is achievable in the near term.
