Investment bank JPMorgan just published its highly anticipated list of 47 top stock picks for 2026, a carefully curated selection of companies the firm believes will deliver outsized returns over the coming year. The list spans a wide range of industries, from technology and healthcare to financials, energy, and consumer discretionary. Yet only one name from the telecommunications sector made the cut: AT&T (T).
JPMorgan assigns AT&T an “Overweight” rating and sets a one-year price target of $33 per share, implying approximately 35% upside from recent trading levels. The stock currently offers a forward dividend yield of around 4.5%, making it one of the highest-yielding large-cap names in the market. Despite rising 8% over the past year and having an attractive income stream, AT&T shares have fallen 18% from their September high of $29.79 per share.
