Posted 1/25/2024, 10:04:35 PM
AT&T Stock Rebounds After Analysts Upgrade Price Targets Despite Lower Guidance
- AT&T stock bounced back on Thursday after disappointing Q4 results on Wednesday
- Share price closed almost 3% higher, well ahead of the S&P 500's 0.3% gain
- 3 analysts raised their price targets on AT&T stock
- Analysts felt the market overreacted to lower 2024 profit guidance, overlooking strong cash flow and revenue growth
- Article questions if investors should buy AT&T stock now or consider other options