2024-02-18 23:53:17 ET
Summary
- DCF analysis yields a price target of $24 or 40% upside to today's pricing.
- The business has significant room to grow via strong fundamentals and can absorb the sizeable cost or capital pressure before the current price is at risk.
- With a strong price target and the dividend looking quite safe, I rate AT&T a strong buy.
AT&T Inc. (T) had a solid 2023, more than delivering on guidance and core priorities, but it is still down more than 11% across the last year....
Read the full article on Seeking Alpha
For further details see:
AT&T: A Lot Would Have To Go Wrong