Verizon Communications Inc. (VZ)
NYSE: VZ · IEX Real-Time Price · USD
40.06
-0.19 (-0.47%)
At close: May 17, 2024, 4:00 PM
40.07
+0.01 (0.02%)
Pre-market: May 20, 2024, 9:02 AM EDT
Verizon Stock Forecast
Stock Price Forecast
The 15 analysts with 12-month price forecasts for Verizon stock have an average target of 43.8, with a low estimate of 36 and a high estimate of 52. The average target predicts an increase of 9.34% from the current stock price of 40.06.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Verizon stock from 15 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 6 | 7 | 7 | 7 | 7 | 6 |
| Hold | 6 | 7 | 7 | 8 | 7 | 7 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 16 | 16 | 17 | 16 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Tigress Financial | Tigress Financial | Strong Buy Maintains $50 → $52 | Strong Buy | Maintains | $50 → $52 | +29.81% | May 17, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $44 → $40 | Hold | Maintains | $44 → $40 | -0.15% | Apr 23, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $48 | Buy | Maintains | $48 | +19.82% | Apr 23, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $48 | Buy | Maintains | $48 | +19.82% | Apr 3, 2024 |
| RBC Capital | RBC Capital | Hold Maintains $36 → $40 | Hold | Maintains | $36 → $40 | -0.15% | Apr 2, 2024 |
Financial Forecast
Revenue This Year
139.86B
from 133.97B
Increased by 4.39%
Revenue Next Year
141.76B
from 139.86B
Increased by 1.36%
EPS This Year
4.72
from 2.75
Increased by 71.60%
EPS Next Year
4.85
from 4.72
Increased by 2.77%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 144.7B | 148.7B | 150.1B | 152.2B | 155.8B |
| Avg | 139.9B | 141.8B | 143.6B | 146.2B | 148.6B |
| Low | 131.4B | 132.6B | 133.9B | 136.3B | 137.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.0% | 6.4% | 5.9% | 6.0% | 6.5% |
| Avg | 4.4% | 1.4% | 1.3% | 1.9% | 1.6% |
| Low | -1.9% | -5.2% | -5.5% | -5.1% | -6.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.90 | 5.10 | 5.34 | 5.63 | 5.23 |
| Avg | 4.72 | 4.85 | 5.02 | 5.21 | 5.10 |
| Low | 4.39 | 4.38 | 4.49 | 4.73 | 4.83 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 78.3% | 8.1% | 10.2% | 12.2% | 0.3% |
| Avg | 71.6% | 2.8% | 3.4% | 3.9% | -2.1% |
| Low | 59.7% | -7.3% | -7.5% | -5.6% | -7.3% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.