AT&T Sees Price Target Hikes from Goldman Sachs and KeyBanc Amid New Segment Reporting and Converged Customer Momentum

AT&T has received price target hikes from Goldman Sachs ($33) and KeyBanc ($36) due to its new three-segment reporting structure separating high-performing Advanced Connectivity from declining Legacy operations. The company's fiber convergence rate climbed 200 basis points YoY to 42%, and Advanced Connectivity EBITDA is expected to grow 6-7% annually. This transparency into returns on 5G and fiber investments positions AT&T to exceed 12 million converged customers by 2030 while offsetting Legacy segment decline.