Wall Street Analysts See Upside Potential for 5 Stocks with Rising Price Targets

02. AT&T Inc. (NYSE:T)

Upside Potential: 21%

On December 13, Wells Fargo & Company increased its target price on AT&T Inc. (NYSE:T) from $17.00 to $20.00, maintaining an Overweight rating on the shares. This upward revision indicates Wells Fargo’s positive outlook for AT&T within its coverage. With AT&T Inc. (NYSE:T) current stock price at $16.46, the revised target price suggests an upside potential of 21%. This implies that Wells Fargo sees strong growth prospects for AT&T Inc. (NYSE:T) stock and anticipates an increase in the company’s valuation. The Overweight rating underscores Wells Fargo’s belief that AT&T Inc. (NYSE:T) is well-positioned within its industry, and investors may interpret this as a robust endorsement to consider the stock for their portfolios. The target raise reflects Wells Fargo’s updated analysis of AT&T Inc. (NYSE:T) fundamentals and market conditions, offering valuable guidance for investors navigating the telecommunications sector.