AT&T Expected to Rise on Strong Phone Net Additions and Robust Guidance: Analyst

Goldman Sachs analyst James Schneider reiterated a Buy rating on AT&T Inc T with a price target of $22.AT&T reported fiscal 2024 second-quarter revenue of $29.8 billion — just below Goldman Sachs’s and the Stret’s estimate of $30 billion. Adjusted EBITDA of $11.34 billion was in line with Goldman Sachs’s estimate of $11.37 billion and the Street’s estimate of $11.31 billion. Free cash flow of $4.6 billion was above Goldman Sachs’s estimate at $4.3 billion and the Street at $4.3 billion on lower capital inv ...