Verizon Communications Inc. (VZ)
NYSE: VZ · IEX Real-Time Price · USD
39.49
-0.21 (-0.53%)
At close: Apr 24, 2024, 4:00 PM
39.55
+0.06 (0.15%)
After-hours: Apr 24, 2024, 7:59 PM EDT
Stock Price Forecast
The 16 analysts with 12-month price forecasts for Verizon stock have an average target of 43.75, with a low estimate of 36 and a high estimate of 50. The average target predicts an increase of 10.79% from the current stock price of 39.49.
| Target | Low | Average | Median | High |
|---|---|---|---|---|
| Price | $36 | $43.75 | $45 | $50 |
| Change | -8.84% | +10.79% | +13.95% | +26.61% |
Analyst Ratings
The average analyst rating for Verizon stock from 16 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 6 | 6 | 7 | 7 | 7 | 7 |
| Hold | 6 | 6 | 7 | 7 | 8 | 7 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 14 | 16 | 16 | 17 | 16 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wells Fargo | Wells Fargo | Hold Maintains $44 → $40 | Hold | Maintains | $44 → $40 | +1.29% | Apr 23, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $48 | Buy | Maintains | $48 | +21.55% | Apr 23, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $48 | Buy | Maintains | $48 | +21.55% | Apr 3, 2024 |
| RBC Capital | RBC Capital | Hold Maintains $36 → $40 | Hold | Maintains | $36 → $40 | +1.29% | Apr 2, 2024 |
| Redburn Atlantic | Redburn Atlantic | Strong Sell → Hold Upgrades $39 | Strong Sell → Hold | Upgrades | $39 | -1.24% | Mar 22, 2024 |
Financial Forecast
Revenue This Year
139.86B
from 133.97B
Increased by 4.39%
from 133.97B
Revenue Next Year
141.76B
from 139.86B
Increased by 1.36%
from 139.86B
EPS This Year
4.72
from 2.75
Increased by 71.60%
from 2.75
EPS Next Year
4.85
from 4.72
Increased by 2.77%
from 4.72
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 131.87B | 128.29B | 133.61B | 136.84B | 133.97B | 139.86B | 141.76B | 143.55B | 146.24B | 145.12B |
| Revenue Growth | 0.77% | -2.71% | 4.15% | 2.41% | -2.09% | 4.39% | 1.36% | 1.27% | 1.87% | -0.77% |
| EPS | 4.65 | 4.30 | 5.32 | 5.06 | 2.75 | 4.72 | 4.85 | 5.02 | 5.15 | 5.19 |
| EPS Growth | 23.67% | -7.53% | 23.72% | -4.89% | -45.65% | 71.60% | 2.77% | 3.43% | 2.61% | 0.85% |
| No. Analysts | - | - | - | - | - | 28 | 27 | 21 | 7 | 4 |
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 144.7B | 148.7B | 150.1B | 153.3B | 149.1B |
| Avg | 139.9B | 141.8B | 143.6B | 146.2B | 145.1B |
| Low | 131.4B | 132.6B | 133.9B | 136.5B | 136.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.0% | 6.4% | 5.9% | 6.8% | 2.0% |
| Avg | 4.4% | 1.4% | 1.3% | 1.9% | -0.8% |
| Low | -1.9% | -5.2% | -5.5% | -4.9% | -6.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.90 | 5.10 | 5.34 | 5.45 | 5.29 |
| Avg | 4.72 | 4.85 | 5.02 | 5.15 | 5.19 |
| Low | 4.39 | 4.38 | 4.49 | 4.81 | 4.94 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 78.3% | 8.1% | 10.2% | 8.6% | 2.8% |
| Avg | 71.6% | 2.8% | 3.4% | 2.6% | 0.9% |
| Low | 59.7% | -7.3% | -7.5% | -4.1% | -4.0% |
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.
