From what 32 stock analysts predict, the share price for Verizon Communications Inc (VZ) might increase by 12.93% in the next year. This is based on a 12-month average estimation for VZ. Price targets go from $37 to $56. The majority of stock analysts believe VZ is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 32 Wall Street analysts have assignedVZ 8 buy ratings, 24 hold ratings, and 0 sell ratings. This means that analysts expect Verizon Communications Inc to hold. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on VZ. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of VZ.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Brandon Nispel Keybanc | Sector Weight | Downgrade | Oct 24, 2024 | |
John Hodulik UBS | Neutral | $44 | Maintains | Oct 23, 2024 |
Maher Yaghi Scotiabank | Sector Perform | $47 | Maintains | Oct 23, 2024 |
Maher Yaghi Scotiabank | Sector Perform | $47.25 | Maintains | Oct 18, 2024 |
Ivan Feinseth Tigress Financial | Buy | $55 | Maintains | Oct 1, 2024 |
David Barden B of A Securities | Neutral | $45 | Maintains | Sep 26, 2024 |
Michael Rollins Citigroup | Buy | $49 | Maintains | Sep 25, 2024 |
Frank Louthan Raymond James | Outperform | $48 | Maintains | Sep 24, 2024 |
Kutgun Maral RBC Capital | Sector Perform | $46 | Maintains | Sep 23, 2024 |
Jonathan Atkin RBC Capital | Sector Perform | $42 | Reiterates | Sep 9, 2024 |
Brandon Nispel Keybanc | Overweight | $44 | Maintains | Sep 6, 2024 |
Philip Cusick JP Morgan | Neutral | $45 | Maintains | Jul 23, 2024 |
Dan Brennan TD Cowen | Buy | $51 | Maintains | Jul 23, 2024 |
Jonathan Atkin RBC Capital | Sector Perform | $42 | Reiterates | Jul 23, 2024 |
Maher Yaghi Scotiabank | Sector Perform | $46.5 | Maintains | Jul 10, 2024 |
Ivan Feinseth Tigress Financial | Buy | $52 | Maintains | May 17, 2024 |
Timothy Horan Oppenheimer | Outperform | $48 | Maintains | Apr 23, 2024 |
Eric Luebchow Wells Fargo | Equal-Weight | $40 | Maintains | Apr 23, 2024 |
Timothy Horan Oppenheimer | Outperform | $48 | Maintains | Apr 3, 2024 |
Jonathan Atkin RBC Capital | Sector Perform | $40 | Maintains | Apr 2, 2024 |
When did it IPO
1983
Staff Count
103,900
Country
United States
Sector/Industry
Communication Services/Telecom Services
CEO
Mr. Hans E. Vestberg
Market Cap
$172.85B
In 2023, VZ generated $133.97B in revenue, which was a decrease of -2.09% from the previous year. This can be seen as a signal that VZ's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Several companies are providing high-yielding dividends that are consistently increasing, indicating potential investment opportunities for income-focused investors.
Why It Matters - High-yielding, steadily rising dividends signal strong financial health and potential for income generation, appealing to income-focused investors and enhancing stock attractiveness.
Summary - The Dow adds stocks based on the company's excellent reputation, which may indicate potential stability and growth for investors.
Why It Matters - A stock's addition to the Dow indicates strong market confidence and can lead to increased demand, potentially boosting its price and affecting investor sentiment.
Summary - ISS advised Frontier Communications shareholders to abstain from voting on Verizon's $20 billion takeover bid and to support the adjournment proposal.
Why It Matters - The recommendation from ISS signals potential governance concerns and uncertainty around the takeover, which could affect Frontier's stock value and investor sentiment.
Summary - A dividend stock is currently yielding 6.6%, but concerns about its risk level have been raised, warranting investor caution.
Why It Matters - A 6.6% yield indicates potential income, but raised risk concerns could signal volatility or financial instability, impacting future dividend sustainability and stock performance.
Summary - Verizon is partnering with the East Side Mosquito Abatement District in Northern California to enhance connectivity solutions for mosquito control and disease prevention efforts.
Why It Matters - Verizon's contract with the East Side Mosquito Abatement District could enhance its reputation and revenue streams, indicating growth potential in public sector partnerships.
Summary - Baby Boomer investors dissatisfied with declining savings and CD rates may consider dividend stocks as an attractive alternative for income generation.
Why It Matters - Falling savings rates push Baby Boomer investors toward dividend stocks, potentially increasing demand and driving up prices for these equities.