NEW YORK, July 7, 2026, 06:04 EDT
- AT&T Inc. NYSE:T traded at $20.58 ahead of the main NYSE session, edging up 0.1%. The SPDR S&P 500 ETF Trust NYSEARCA:SPY added 0.8%.
- Wall Street’s mean price target for AT&T is $30.39, which points to around 48% upside—bigger than the upside analysts see for Verizon or T-Mobile among peers listed below.
- KeyBanc’s Brandon Nispel said the Starlink sentiment drag on the sector “feels overdone.” BofA’s Michael Funk upgraded T-Mobile but left AT&T unchanged. Barron’s
AT&T Inc. NYSE:T traded flat early Tuesday, with its gap to analyst price targets now offering a direct test of how much the market still cares about the satellite issue.
The NYSE’s main trading session wasn’t open at the time of reporting. Its July calendar shows the 2026 Independence Day holiday closure falling on July 3, not July 7. Standard session hours are 9:30 a.m. to 4 p.m. ET.
Wall Street is split. AT&T’s average target is 47.7% over its early price. Verizon Communications Inc. NYSE:VZ is showing 23.3% implied upside. T-Mobile US Inc. NASDAQ:TMUS is at 41.4%, despite analysts looking for stronger 2027 EPS growth from T-Mobile.
| Company | Early quote | Avg target | Implied upside | 2026 EPS est. | 2027 EPS est. | 2027 EPS growth |
|---|---|---|---|---|---|---|
| AT&T NYSE:T | $20.58 | $30.39 | 47.7% | $2.32 | $2.54 | 9.5% |
| Verizon NYSE:VZ | $42.07 | $51.89 | 23.3% | $4.97 | $5.25 | 5.6% |
| T-Mobile NASDAQ:TMUS | $181.79 | $257.13 | 41.4% | $10.42 | $13.56 | 30.1% |
Quotes in this story are based on early session trading. Price targets and earnings per share estimates come from MarketWatch analyst snapshots.
The spread is important now because AT&T’s upside story hinges less on an earnings overhaul and more on getting a higher multiple. AT&T’s 2026 adjusted EPS guidance sits at $2.25 to $2.35, just about in line with the $2.32 consensus. The company also reaffirmed expectations for free cash flow above $18 billion, adjusted EBITDA growth of 3% to 4%, and share buybacks of roughly $8 billion.
AT&T shares traded at $20.58, putting the $1.11 annual dividend at a 5.4% yield. The board set a $0.2775 quarterly common dividend on June 24, payable Aug. 3 to investors on record July 10.
All eyes are on SpaceX’s Starlink as concern grows around fresh reports. Barron’s said Charter Communications Inc. NASDAQ:CHTR has been in high-level discussions with SpaceX NASDAQ:SPCX on a possible U.S. consumer mobile phone tie-up.
KeyBanc’s Nispel kept a constructive view on the sector, saying the Starlink overhang “feels overdone” for near-term fundamentals. BofA’s Funk said T-Mobile is “least exposed” to low Earth orbit providers, pointing to its share of urban households. Wolfe’s Peter Supino said Starlink’s mobile plan is “undefined,” but said its broadband is already a real rival to cable and fixed-wireless. Barron’s
Broad indexes moved higher Monday as the S&P 500 added 0.72% and the Nasdaq climbed 1.12%, boosted by chip names. But Reuters said more S&P 500 stocks fell than rose.
AT&T has set July 22 for its next earnings report. The telecom giant plans to post Q2 numbers before the NYSE opens and host its earnings call at 8:30 a.m. ET.
Related articles: NYSE:T
