Bernstein Remains Bullish on AT&T (T) Amid Rising Competition

Core Insights - AT&T Inc. is recognized as one of the undervalued stocks by Goldman Sachs, indicating potential investment opportunities in the company [1] Group 1: Market Position and Competition - Bernstein has reduced AT&T's price target from $31.00 to $30.00 while maintaining an 'Outperform' rating, reflecting concerns over increased competition in the telecommunications sector for 2026 [2] - The firm anticipates that competition will remain elevated in 2026, following a trend of heightened competition observed in the previous year, impacting both cable operators and traditional wireless segments [2] Group 2: Product Innovations - On January 8, 2026, AT&T launched the AT&T IoT Network Intelligence, which provides enterprises with enhanced visibility into the performance of 4G and 5G-connected devices [3] - The new platform aims to leverage device-level KPIs, location-based insights, and analytics capabilities, positioning IoT as a significant long-term growth driver for the company [3] Group 3: Company Overview - AT&T Inc. provides a range of telecommunications services, including wireless, broadband, and wireline services across the U.S., along with additional wireless operations in Mexico [4]