AT&T (T): Is the Stock Still Undervalued Given Recent Share Price Moves?

AT&T (T) stock has shown little movement today, holding steady at $24.83. Over the past month, shares have declined around 4%, but year to date the stock is up roughly 9% as investors track the company’s ongoing performance.

See our latest analysis for AT&T.

AT&T’s 1-year total shareholder return stands at an impressive 16%, far outpacing its modest year-to-date share price rise of roughly 9%. Momentum has been building despite recent pullbacks. After last year’s rally, investors appear to be watching closely for further catalysts that could support long-term gains or signal changing risk appetite.

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But with the stock still trading far below most analyst price targets and AT&T’s valuation metrics looking appealing, investors are left to wonder: is there more upside left, or is all the optimism already reflected in the price?

Most Popular Narrative: 19.9% Undervalued

AT&T’s narrative fair value stands at $30.99 compared to a last close of $24.83. That’s a significant gap, sparking debate about whether the current stock price fully reflects the company’s improving fundamentals and sector position.

The push toward network convergence (fiber plus 5G) is yielding higher-value, lower-churn subscriber relationships, increasing ARPU and enhancing customer lifetime value. This supports sustainable improvements in net margins and earnings. Expansion of the fiber footprint, including acquisitions like Lumen’s assets and open access partnerships, positions AT&T to benefit from digital transformation, cloud growth, and demographic shifts such as urbanization and remote work. These factors further stabilize and grow its customer base and revenues.

Read the complete narrative.

Want to know which financial targets are powering this gap? The secret sauce here is a blend of better margins and bold projections that hint at a major shift in the company’s profit engine. See what numbers shape this compelling narrative and decide for yourself if the market’s missing something big.

Result: Fair Value of $30.99 (UNDERVALUED)

Have a read of the narrative in full and understand what’s behind the forecasts.

However, elevated competition and ongoing declines in legacy revenues could put pressure on AT&T’s margins and challenge its overall earnings trajectory in the future.

Find out about the key risks to this AT&T narrative.

Build Your Own AT&T Narrative

If you see the story differently or want to dig deeper into AT&T’s numbers, you can build your own narrative from scratch in just minutes. Do it your way

A great starting point for your AT&T research is our analysis highlighting 4 key rewards and 4 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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