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Benzinga
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AT&T Could Deliver 'Healthy Double-Digit Annualized Returns' As Goldman Sachs Highlights 3 Growth Drivers

1. Goldman Sachs sees double-digit returns for AT&T stock. 2. Analyst maintains a Buy rating with a $29 price target. 3. Strong wireless subscriber growth supports positive stock outlook. 4. AT&T is aggressive in building fiber, boosting broadband revenue growth. 5. FCC's copper decommissioning benefits AT&T's cost reduction efforts.

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FAQ

Why Bullish?

Goldman Sachs’ bullish target reinforces market confidence, similar to past successes with T's recovery post-acquisitions.

How important is it?

The article highlights significant factors driving AT&T's growth potential and future returns.

Why Long Term?

Growth in broadband revenue is anticipated to materialize notably by 2028, providing a sustained growth outlook.

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