Verizon Communications (VZ) Stock Forecast & Price Target

$41.17 -0.09 (-0.22%)

(As of 11/6/2024 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
12.62% 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 12.62% from the current price of $41.17.

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VZ Analyst Ratings Over Time

Type	Current Forecast 11/8/23 to 11/7/24	1 Month Ago 10/9/23 to 10/8/24	3 Months Ago 8/10/23 to 8/9/24	1 Year Ago 11/8/22 to 11/8/23
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)	9 Buy rating(s)	9 Buy rating(s)	7 Buy rating(s)
Hold	9 Hold rating(s)	8 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	$46.26	$45.78	$41.50
Forecasted Upside	12.62% Upside	5.12% Upside	12.35% Upside	16.02% Upside
Consensus Rating	Hold	Moderate Buy	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	Hold
Predicted Upside	12.62% Upside	322.22% Upside	7.35% Upside
News Sentiment Rating	Positive News See Recent VZ News	Neutral 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 Thursday at 05:43 AM 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 Sunday, October 27, 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. has consistently increased its dividend payouts over the years, providing investors with a reliable income stream. As of today, the dividend yield stands at 6.28%, offering attractive returns compared to other investment options.
With a moderate buy consensus rating and a price target of $46.26, analysts foresee potential growth in Verizon Communications Inc.'s stock value, indicating a positive outlook for investors.
Verizon Communications Inc. has a strong market capitalization of $181.80 billion, reflecting the company's stability and resilience in the market, which can be reassuring for investors seeking long-term investments.
The company's return on equity of 20.10% showcases efficient utilization of shareholder equity to generate profits, indicating sound financial management and potential for increased shareholder value.
Verizon Communications Inc.'s recent trading performance, with shares trading up 0.4% on Monday at $43.19, suggests positive market sentiment and potential for capital appreciation, making it an attractive option for investors.

Verizon Communications
Bear Case

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

Verizon Communications Inc.'s debt-to-equity ratio of 1.29 indicates a relatively high level of debt compared to equity, which may pose risks during economic downturns or high-interest rate environments, potentially impacting shareholder returns.
Despite a stable financial performance, Verizon Communications Inc.'s revenue for the quarter was slightly below consensus estimates, which could signal challenges in revenue growth and potentially affect stock valuation in the short term.
While the company has a P/E ratio of 16.07, which is in line with industry averages, the price-to-earnings-growth ratio of 4.02 suggests that the stock may be slightly overvalued relative to its growth prospects, potentially limiting upside potential for investors.
Verizon Communications Inc.'s beta of 0.42 indicates lower volatility compared to the market, which may result in slower price movements, potentially reducing opportunities for short-term gains for investors seeking high volatility stocks.
Despite the company's positive outlook, the current ratio of 0.63 and quick ratio of 0.60 raise concerns about Verizon Communications Inc.'s short-term liquidity position, which could impact its ability to meet immediate financial obligations and affect investor confidence.

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 equities research analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last year. There are currently 9 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities 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 12.62% 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 11/7/2024 by MarketBeat.com Staff

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Verizon Communications (VZ) Stock Forecast & Price Target