10 Best Affordable Stocks Under $30

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

Stock Price: $23.78

Forward P/E: 11.64

Number of Hedge Fund Holders: 84

AT&T Inc. (NYSE:T) is one of the best affordable stocks under $30. AT&T Inc. (NYSE:T) received several rating updates from analysts in January. On January 8, Bernstein reiterated a Buy rating on the stock and set a $31 price target. AT&T Inc. (NYSE:T) also received a rating update from Scotiabank, with the firm lowering the price target to $29.50 from $30.25 and reaffirming a Sector Perform rating. The firm told investors that it is updating price targets for stocks in the Telecommunication Services under its coverage before the fiscal Q4 2025 results, adding that although there was a rise in promotional intensity in wireless during the holiday season, revenue and EBIDTA industry growth remains positive.

In addition, KeyBanc and Arete also provided rating updates for AT&T Inc. (NYSE:T) on January 6. KeyBanc downgraded the stock to a Sell, bringing the price target down to $20 from $30. Arete also downgraded AT&T Inc. (NYSE:T) to Sell from Neutral with a $20 price target.

In a separate development, Reuters announced on January 6 a partnership between AT&T Inc. (NYSE:T) and American Airlines for the launch of free in-flight Wi-Fi for customers enrolled in the latter’s loyalty program. Heather Garboden, chief customer officer of American Airlines, said in a statement that free high-speed Wi-Fi is a necessity for travelers in today’s age, instead of a mere perk. The rollout would begin in January, gradually becoming available on nearly all of the carrier’s flights by early spring.

AT&T Inc. (NYSE:T) provides telecommunications and technology services and operates through the Communications and Latin America segments. Its Communications segment offers wireline telecom, wireless, and broadband services in the US and globally, while the Latin America segment manages services in Mexico.

While we acknowledge the potential of T to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than T and that has 100x upside potential, check out our report about this cheapest AI stock.

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