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Wells Fargo Maintains Overweight Rating on AT&T (T), Adjusts PT to $27

AT&T Inc. (NYSE:T) is one of the most undervalued large cap stocks to invest in now. On January 26, Wells Fargo lowered the price target for AT&T to $27 from $29 while maintaining an Overweight rating. This sentiment was announced as part of the firm’s broader review of the wireless sector, where the firm noted that Q4 2025 fundamentals are expected to be stronger than anticipated, likely yielding upside in subscriber growth.

Despite this positive outlook on performance, Wells Fargo reduced price targets across the sector due to persistent concerns regarding increased competition, which the firm believes will continue to weigh on investor sentiment.

Ken Wolter / Shutterstock.com

Earlier on January 13, Barclays reduced its price target for AT&T Inc. (NYSE:T) to $26 from $28 with an Equal Weight rating. The adjustment was part of a broader revision across the cable, satellite, and telecom services sector, reflecting the firm’s outlook for 2026. Barclays noted that 2026 could be a pivotal year for establishing a long-term operating roadmap for industry convergence, which may necessitate a shift in traditional capital allocation strategies across the sector.

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

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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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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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