AT&T Supported by Share Buyback Plans Despite Goldman Sachs Price Target Cut

Key Facts

1A Goldman Sachs analyst lowered the price target for AT&T to $30, implying a potential upside of 30.21%.

2The company reported adjusted EPS of $0.65, exceeding the expected $0.59 by 10.71%.

3AT&T decided to accelerate its share buybacks to approximately $10 billion for the year.

In a move reflecting confidence in cash flows despite competitive headwinds, AT&T reported strong second-quarter results that prompted analysts to update their outlook. The company posted adjusted earnings per share of $0.65, exceeding analyst estimates of $0.59, driven by robust subscriber growth in fiber and wireless segments. In response to these results, the company decided to accelerate its share buyback program to approximately $10 billion for the current year.

Regarding valuations, a Goldman Sachs analyst lowered the price target for AT&T to $30; however, this level still implies a potential upside of 30.21% from current prices. The company faces ongoing market competition from major players, with Verizon (VZ) closing at $43.78 and T-Mobile (TMUS) at $190.77 per market data on July 21, 2026, amid anticipation of the impact of SpaceX's Starlink entering the telecommunications space.

AT&T (T) shares closed at $22.26 (close of July 21, 2026), as traders monitor the stock's ability to maintain gains above its intraday low of $21.70. Looking at the economic calendar, there are no direct catalysts scheduled for the company in the next seven days, leaving price action dependent on the market's absorption of the buyback plans and their impact on total shareholder returns.