Wells Fargo analysts started coverage of AT&T with a sell rating and price target of $18, implying nearly 15% downside. They are worried the telecom giant will likely lose ground to SpaceX's Starlink in broadband internet and, further down the road, could be threatened by Starlink's mobile ambitions. These aren't exactly new concerns. Just take a look at AT&T's stock chart, with shares down over 20% in three months.
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@ah correct blog board, wanted to learn, as discussed below, from the Verizon perspective and landscape.
My spam-infused LinkedIn feed had this gem regarding Starlink’s mobile ambitions:
STARLINK just told investors its mobile ARPU will be $8 a month. Telcos are racing to compete with that on speed and coverage. They're fighting the wrong war.
"Victorious warriors win first and then go to war, while defeated warriors go to war first and then seek to win." — Sun Tzu
https://www.linkedin.com/posts/mchaeljohnston_starlink-just-told-investors-its-mobile-arpu-ugcPost-7480764668186284033-DtSy
Verizon has always been a follower, not a leader. Johnny come lately, a minute short and a dollar less. ATT was their idol. Watch ATT and you will see that repeating in Verizon if a few years. Now, I will give it that... if there will be a Verizon in 2 - 3 years.
The worst of the worst is AT&T
@OP John Legere used to call Verizon and AT&T d-mb and d-mber respectively. Randall Stephenson and John Stankey made some disastrous acquisitions that make Lowell and Hans look good in comparison.
Verizon's future in a while.
@OP wrong board