JPMorgan has increased its price target for AT&T (T) from $28 to $31, reinforcing its optimistic stance with an Overweight rating. This adjustment follows AT&T's robust performance in the first quarter, highlighted by impressive postpaid phone net additions and significant EBITDA growth.
The company's management remains optimistic about meeting its financial targets for 2025. They believe the initial forecasts took into account the anticipated normalization of market conditions. The analyst has adjusted the 2025 consolidated EBITDA forecast slightly upward to $46.19 billion, reflecting the momentum observed in the first quarter.
