Over the last three decades, Wall Street has entertained no shortage of next-big-thing investment trends. Since the advent of the internet changed the long-term growth trajectory for corporate America, investors have been waiting for the next innovation that would alter the business landscape. The rise of artificial intelligence (AI) might just be the unicorn the investment world has been waiting.
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Open FlipAT&T (NYSE: T) stock has struggled in recent years, but Barclays analyst Kannan Venkateshwar believes the company deserves a higher valuation, considering the recent subscriber gains for its wireless and fiber services. The analyst upgraded AT&T stock from an equal weight (hold) rating to overweight (buy) but left the price target unchanged at $20. This still represents upside of 18%.
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