Top 2 Tech And Telecom Stocks That May Collapse In Q1
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 29 2025
0mins
Source: Benzinga
Meta Platforms and AT&T Stock Performance: Meta Platforms Inc. and AT&T Inc. are showing signs of being overbought, with RSI values of 75.1 and 74.4 respectively, indicating potential momentum concerns for investors. Meta is set to release its earnings on January 29, while AT&T recently reported better-than-expected fourth-quarter results.
Market Reactions: Meta's stock has surged 14% in the past month, closing at $674.33, while AT&T's shares gained 9% over five days, closing at $24.40, following their positive earnings report.
Analyst Views on T
Wall Street analysts forecast T stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for T is 30.94 USD with a low forecast of 28.00 USD and a high forecast of 34.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
10 Buy
4 Hold
0 Sell
Moderate Buy
Current: 23.730
Low
28.00
Averages
30.94
High
34.00
Current: 23.730
Low
28.00
Averages
30.94
High
34.00
About T
AT&T Inc. is a holding company. The Company is a provider of telecommunications and technology services globally. The Company’s segments include Communications and Latin America. The Communications segment provides wireless and wireline telecom and broadband services to consumers located in the United States and businesses globally. The business units of the Communication segment include Mobility, Business Wireline, and Consumer Wireline. Mobility provides nationwide wireless service and equipment. Business Wireline provides advanced Ethernet-based fiber services, Internet Protocol (IP) Voice and managed professional services, as well as legacy voice and data services and related equipment, to business customers. Consumer Wireline provides broadband services, including fiber connections. Consumer Wireline provides legacy telephony voice communication services. The Latin America segment provides wireless services and equipment in Mexico.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
