12 Best 5G Stocks to Invest in According to Hedge Funds

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

Number of Hedge Fund Holders: 84

AT&T Inc. (NYSE:T) is one of the best 5G stocks to invest in according to hedge funds. On January 15, Bernstein named AT&T Inc. (NYSE:T) as its top pick in the US telecom market for 2026, even as competition in the industry is expected to grow. The research firm noted that the telecom sector is “entering a new era of competition” after a difficult 2025, when quarterly updates pointed to “worsening competitive dynamics.”

These challenges erased much of the gains made by telecom companies. Cable providers also continued to see declines in the second half of the year. Despite this, Bernstein expects AT&T Inc. (NYSE:T) to “continue driving healthy Fiber and FWA net additions.” This growth is expected to support and stabilize wireless customer additions by creating more opportunities for service bundling.

Previously, on January 13, Barclays cut its price target on AT&T Inc. (NYSE:T) from $28 to $26 and maintained its Equal Weight rating. This change came as the firm adjusted price targets in the cable, satellite, and telecom services sector. Barclays believes that 2026 “could establish the longer-term operating road map for convergence, which may also require a different capital allocation template across the industry.”

AT&T Inc. (NYSE:T) is an American multinational telecommunications and technology company that provides wireless and fixed-line communication services, broadband, and mobile services.