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Arete Upgrades AT&T (T) on Copper Switch-Off, Sets $28 Price Target

AT&T Inc. (NYSE:T) is included among the 14 Low PE High Dividend Stocks to Buy Right Now.

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On March 10, Arete analyst Andrew Beale upgraded AT&T Inc. (NYSE:T) to Neutral from Sell. It set a $28 price target on the shares. The firm raised its estimates to reflect the company’s copper switch-off, which lifted its financial outlook and led to the upgrade. Even so, Arete said it still prefers shares of T-Mobile (TMUS) and Verizon (VZ) over AT&T.

A Reuters report on March 10 said AT&T plans to invest more than $250 billion in the United States over the next five years to expand its network infrastructure. The company also plans to hire thousands of technicians to support the build-out. The spending will focus on expanding fiber and wireless networks. That includes faster deployment of fiber broadband, 5G home internet, and satellite connectivity across urban, suburban, and rural areas.

The investment reflects rising demand for data, driven by artificial intelligence, cloud computing, and connected devices. Telecom companies are also competing more directly with cable broadband providers. Analysts also pointed to AT&T’s partnership with AST SpaceMobile as an area investors are watching as the company works to expand coverage.

The investment push comes as competition in the sector intensifies. Comcast is expanding its network, while Verizon Communications is accelerating broadband growth following its acquisition of Frontier Communications.

AT&T Inc. (NYSE:T) is a holding company and provides telecommunications and technology services globally. The company operates through two segments: Communications and Latin America.

While we acknowledge the risk and potential of T as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than T and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading into 2026 and 14 Best American Dividend Stocks to Invest In

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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