In this article, we will take a look at the 10 Best 5G Stocks to Invest in According to Analysts.
The global wireless telecommunications industry made history in 2024 as it attained 2.25 billion 5G connections worldwide. This unprecedented expansion hints at the speed at which 5G will be adopted, surpassing earlier wireless generations by a significant margin. Market experts believe this trend will likely continue, with 8.3 billion 5G connections—or 59% of all wireless technologies worldwide—being predicted by 2029.
According to a GlobalData report, the Internet of Things (IoT) is one market that is set to benefit from these developments. The IoT market is predicted to expand at a 13.5% compound annual growth rate over the five years from 2023 to 2028, with revenue increasing from $959.6 billion to $1.8 trillion. The report states that this growth will be driven by the rise of enterprise applications, as well as improvements in 5G and AI.
North America, where 5G witnessed some of the highest adoption rates in the world, is the region where the technology’s momentum becomes apparent. As of the end of 2024, there were over 182 million 5G connections in the US and Canada combined, representing a growth rate of around 20% year-over-year. While mobile broadband and device upgrades had been the main focus of the first deployments, the breadth has rapidly expanded since then.
With that in mind, we will now look at the 10 best 5G stocks to invest in according to analysts.
Our Methodology
To make our list of the best 5G stocks to invest in according to analysts, we chose and selected stocks based on their upside potential, as of December 10. While 5G technology is the primary focus of most of these stocks, several also include cloud service providers, holding companies with 5G-related subsidiaries, and semiconductor companies that enable 5G ecosystems. We have also mentioned hedge fund sentiments around each stock, based on Insider Monkey’s data for Q1 2025.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10. AT&T Inc. (NYSE:T)
Analyst Upside: 7.82%
Number of Hedge Fund Holders: 87
AT&T Inc. (NYSE:T) is on our list of the 10 best 5G stocks to invest in according to analysts. AT&T Inc. (NYSE:T) unveiled its strategic plan on June 10 at the 2025 Mizuho Technology Conference. The company underlined its recent moves in growing its wireless and fiber networks while simultaneously tackling issues in the marketplace.
AT&T Inc. (NYSE:T) disclosed that the $5.75 billion Lumen deal would use a portion of the $10 billion it had set aside for financial flexibility over the next three years. Following the acquisition, the company is on course to keep its leverage ratio at 2.5 times net leverage.
Moreover, aiming for a 60 million home fiber footprint by 2030, the Lumen acquisition adds 500,000 fiber users and 4 million passings. The company is also cutting $6 billion in costs by phasing out copper infrastructure and expanding its 5G network, which covers a larger region than its rivals.
Leading telecommunications firm AT&T Inc. (NYSE:T) provides a wide range of wireless communication services and data solutions to a number of customer groups, including corporations, governmental organizations, wholesale customers, and individual consumers.
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