Verizon Communications (VZ) Stock Forecast & Price Target

$43.92 +0.77 (+1.78%)

(As of 08:01 PM ET)

Verizon Communications - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 17 Analyst Ratings

Sell
0

Hold
9

Buy
8

Based on 17 Wall Street analysts who have issued ratings for Verizon Communications in the last 12 months, the stock has a consensus rating of "Hold." Out of the 17 analysts, 9 have given a hold rating, and 8 have given a buy rating for VZ.

Consensus Price Target

$46.37
5.57% Upside

According to the 17 analysts' twelve-month price targets for Verizon Communications, the average price target is $46.37. The highest price target for VZ is $55.00, while the lowest price target for VZ is $39.00. The average price target represents a forecasted upside of 5.57% from the current price of $43.92.

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VZ Analyst Ratings Over Time

Type	Current Forecast 11/26/23 to 11/25/24	1 Month Ago 10/27/23 to 10/26/24	3 Months Ago 8/28/23 to 8/27/24	1 Year Ago 11/26/22 to 11/26/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	9 Buy rating(s)	7 Buy rating(s)
Hold	9 Hold rating(s)	9 Hold rating(s)	7 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$46.37	$46.37	$45.78	$41.50
Forecasted Upside	5.57% Upside	12.05% Upside	10.45% Upside	10.93% Upside
Consensus Rating	Hold	Hold	Moderate Buy	Moderate Buy

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VZ Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

VZ Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Verizon Communications Stock vs. The Competition

Type	Verizon Communications	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.47	2.67	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	5.40% Upside	524.73% Upside	6.27% Upside
News Sentiment Rating	Positive News See Recent VZ News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/24/2024	KeyCorp 3 of 5 stars	B. Nispel Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Sector Weight
10/23/2024	UBS Group 4 of 5 stars		Boost Target	Neutral ➝ Neutral	$43.00 ➝ $44.00	+4.27%
10/18/2024	Scotiabank 5 of 5 stars		Boost Target	Sector Perform ➝ Sector Perform	$46.50 ➝ $47.25	+7.24%
10/1/2024	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$52.00 ➝ $55.00	+22.99%
9/26/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$41.00 ➝ $45.00	+0.51%
9/25/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$47.00 ➝ $49.00	+9.60%
Get the Latest News and Ratings for VZ and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Verizon Communications and its competitors with MarketBeat's FREE daily newsletter.
9/24/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$44.00 ➝ $48.00	+8.06%
9/23/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$42.00 ➝ $46.00	+4.19%
7/23/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$48.00 ➝ $51.00	+30.80%
7/23/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$46.00 ➝ $45.00	+15.12%
7/1/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Schneider Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$50.00	+21.24%
4/23/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$44.00 ➝ $40.00	+0.48%
4/23/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$48.00 ➝ $48.00	+24.29%
3/22/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Neutral	$33.00 ➝ $39.00	-3.75%
1/26/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Equal Weight	$42.00 ➝ $44.00	+3.95%
1/24/2024	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$36.00 ➝ $47.00	+11.27%
1/4/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Peer Perform ➝ Outperform	$46.00	+17.51%
8/3/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$44.00	+33.58%
7/17/2023	Edward Jones Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
6/5/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$42.50 ➝ $39.00	+12.78%
1/25/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$55.00 ➝ $49.00	+21.23%
12/19/2022	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Moffett Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ Market Perform	$41.00	+10.45%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 02:23 PM ET.

Should I Buy Verizon Communications Stock? VZ Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 22, 2024. Please send any questions or comments about these Verizon Communications pros and cons to contact@marketbeat.com.

Verizon Communications
Bull Case

Here are some ways that investors could benefit from investing in Verizon Communications Inc.:

Verizon Communications Inc. recently reported earnings per share (EPS) of $1.19, slightly exceeding analysts' expectations of $1.18, indicating strong financial performance.
The company has increased its quarterly dividend to $0.678 per share, reflecting a commitment to returning value to shareholders, with an annualized dividend yield of 6.42%.
With a current stock price of $42.22, Verizon Communications Inc. is trading near its 50-day simple moving average of $42.98, suggesting stability in its stock performance.
Analysts have a consensus rating of "Moderate Buy" for Verizon Communications Inc., with a target price of $46.37, indicating potential for price appreciation.
The company has shown a year-over-year revenue increase of 0.9%, demonstrating resilience and growth in a competitive market.

Verizon Communications
Bear Case

Investors should be bearish about investing in Verizon Communications Inc. for these reasons:

The company's debt-to-equity ratio stands at 1.32, which indicates a higher level of debt compared to equity, potentially increasing financial risk.
Verizon Communications Inc. has a current ratio of 0.66, suggesting that it may struggle to cover its short-term liabilities with its short-term assets.
The dividend payout ratio is currently at 116.81%, indicating that the company is paying out more in dividends than it earns, which may not be sustainable in the long run.
Despite a slight increase in revenue, the company reported a decrease in EPS compared to the same quarter last year, which could signal potential challenges ahead.
Recent analyst downgrades, such as KeyCorp reducing its rating from "overweight" to "sector weight," may reflect concerns about the company's future performance.

VZ Forecast - Frequently Asked Questions

: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Verizon Communications is $46.37, with a high forecast of $55.00 and a low forecast of $39.00.
: 17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last twelve months. There are currently 9 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" VZ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VZ, but not buy additional shares or sell existing shares.
: According to analysts, Verizon Communications's stock has a predicted upside of 5.57% based on their 12-month stock forecasts.
: Over the previous 90 days, Verizon Communications's stock had 1 downgrade by analysts.
: Verizon Communications has been rated by research analysts at Bank of America, Citigroup, KeyCorp, Raymond James, Royal Bank of Canada, Scotiabank, Tigress Financial, and UBS Group in the past 90 days.
: Analysts like Verizon Communications less than other "computer and technology" companies. The consensus rating for Verizon Communications is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how VZ compares to other companies.

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This page (NYSE:VZ) was last updated on 11/25/2024 by MarketBeat.com Staff

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Verizon Communications (VZ) Stock Forecast & Price Target