AT&T (T) – Among the 10 Best Affordable Blue Chip Stocks to Buy Now

AT&T Inc. (NYSE:T) is included among the 10 Best Affordable Blue Chip Stocks to Buy Now.

AT&T (T) - Among the 10 Best Affordable Blue Chip Stocks to Buy Now

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AT&T Inc. (NYSE:T) provides telecommunications and technology services worldwide.

On April 16, Morgan Stanley assumed coverage of AT&T Inc. (NYSE:T) with an ‘Overweight’ rating and a price target of $30, indicating an upside potential of over 13% from the current price levels.

The analyst firm highlighted that AT&T Inc. (NYSE:T) is “well into its turnaround story” after offloading its noncore assets and sharpening its focus to its core connectivity services business. Moreover, the company’s status as “by far” the largest fiber provider and builder in the US positions it well to benefit from industry convergence.

AT&T Inc. (NYSE:T) is targeting to reach over 40 million customer locations with its fiber services by the end of 2026, up from 32 million at the end of last year. The company plans to expand its fiber reach by approximately 5 million locations annually through the end of the decade.

On the other hand, BNP Paribas turned bearish on AT&T Inc. (NYSE:T), downgrading the stock from ‘Outperform’ to ‘Neutral’ on April 8 (read more details here).

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.

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