CEO John Stankey is transforming AT&T into a leaner, more competitive company akin to Verizon and T-Mobile, with signs of success as its stock outperforms rivals. Facing a major challenge, Stankey aims to "disrupt itself" through significant changes, including phasing out the outdated copper network by 2029. A cultural shift from traditional corporate values to a market-based approach is underway. Analysts have responded positively, raising price targets as AT&T's stock rises 22% this year, reflecting improved fundamentals and a clear financial strategy.
Stankey is pushing the company to "disrupt itself" and go hardcore to meet the moment, indicating a significant shift in strategy to adapt to modern demands.
As AT&T sunsets most of its copper network in the US by 2029, it is fostering a cultural shift away from 20th-century corporate values toward a market-based culture.
Many Wall Street analysts have boosted their price targets for AT&T stock, and shares are up 22% this year, outperforming T-Mobile and Verizon.
BNP Paribas telecom analyst Sam McHugh noted, "Investors really like that simple strategy. It gives a very clear message - it's delivering financially."
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