Verizon Communications Inc. (VZ)
NYSE: VZ · Real-Time Price · USD
44.43
+0.57 (1.30%)
At close: Sep 13, 2024, 4:00 PM
44.46
+0.03 (0.07%)
After-hours: Sep 13, 2024, 7:58 PM EDT
Stock Price Forecast
The 15 analysts with 12-month price forecasts for Verizon stock have an average target of 45.37, with a low estimate of 39 and a high estimate of 52. The average target predicts an increase of 2.12% from the current stock price of 44.43.
| Target | Low | Average | Median | High |
|---|---|---|---|---|
| Price | $39 | $45.37 | $46 | $52 |
| Change | -12.22% | +2.12% | +3.53% | +17.04% |
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 | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 3 | 3 | 3 |
| Buy | 7 | 6 | 6 | 6 | 6 | 5 |
| Hold | 7 | 7 | 7 | 8 | 8 | 7 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 16 | 15 | 15 | 17 | 17 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| RBC Capital | RBC Capital | Hold Reiterates $42 | Hold | Reiterates | $42 | -5.47% | Sep 9, 2024 |
| Keybanc | Keybanc | Buy Maintains $46 → $44 | Buy | Maintains | $46 → $44 | -0.97% | Sep 6, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $48 → $51 | Strong Buy | Maintains | $48 → $51 | +14.79% | Jul 23, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $46 → $45 | Hold | Maintains | $46 → $45 | +1.28% | Jul 23, 2024 |
| RBC Capital | RBC Capital | Hold Reiterates $42 | Hold | Reiterates | $42 | -5.47% | Jul 23, 2024 |
Financial Forecast
Revenue This Year
Increased by 3.87%
from 133.97B
Revenue Next Year
141.71B
from 139.16B
Increased by 1.83%
from 139.16B
EPS This Year
4.71
from 2.75
Increased by 71.23%
from 2.75
EPS Next Year
4.82
from 4.71
Increased by 2.40%
from 4.71
| Fiscal Year | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 | Dec 31, 2026 | ||
| Revenue | 131.87B | 128.29B | 133.61B | 136.84B | 133.97B | 139.16B | 141.71B | 143.52B | ||
| Revenue Growth | 0.77% | -2.71% | 4.15% | 2.41% | -2.09% | 3.87% | 1.83% | 1.28% | ||
| EPS | 4.65 | 4.30 | 5.32 | 5.06 | 2.75 | 4.71 | 4.82 | 5.03 | ||
| EPS Growth | 23.67% | -7.53% | 23.71% | -4.90% | -45.64% | 71.23% | 2.40% | 4.23% | ||
| Forward PE | - | - | - | - | - | 9.44 | 9.21 | 8.84 | ||
| No. Analysts | - | - | - | - | - | 28 | 28 | 21 |
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 143.1B | 149.1B | 150.4B | ||
| Avg | 139.2B | 141.7B | 143.5B | ||
| Low | 131.5B | 132.7B | 133.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.8% | 7.1% | 6.2% | ||
| Avg | 3.9% | 1.8% | 1.3% | ||
| Low | -1.8% | -4.6% | -5.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.93 | 5.16 | 5.41 | ||
| Avg | 4.71 | 4.82 | 5.03 | ||
| Low | 4.34 | 4.38 | 4.46 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 79.3% | 9.6% | 12.1% | ||
| Avg | 71.2% | 2.4% | 4.2% | ||
| Low | 57.9% | -7.0% | -7.5% |
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.
