Verizon Communications (VZ) Stock Forecast, Price Target & Predictions
VZ Stock Forecast
Verizon Communications stock forecast is as follows: an average price target of $49.95 (represents a 21.65% upside from VZ’s last price of $41.06) and a rating consensus of 'Buy', based on 18 wall street analysts offering a 1-year stock forecast.
VZ Price Target
The average price target for Verizon Communications (VZ) is $49.95 based on 1-year price targets from 18 Wall Street analysts in the past 3 months, with a price target range of $68.00 to $40.00. This represents a potential 21.65% upside from VZ's last price of $41.06.
VZ Analyst Ratings
According to 18 Wall Street analysts, Verizon Communications's rating consensus is 'Buy'. The analyst rating breakdown for VZ stock is 0 'Strong Buy' (0.00%), 9 'Buy' (50.00%), 8 'Hold' (44.44%), 1 'Sell' (5.56%), and 0 'Strong Sell' (0.00%).
Verizon Communications Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 23, 2024 | John Hodulik | UBS | $44.00 | $41.50 | 6.02% | 7.16% |
| Oct 23, 2024 | Gregory Williams | Williams Trading | $51.00 | $41.84 | 21.88% | 24.21% |
| Oct 23, 2024 | Maher Yaghi | Scotiabank | $47.00 | $41.50 | 13.25% | 14.47% |
| Oct 22, 2024 | James Schneider | Goldman Sachs | $52.00 | $41.50 | 25.30% | 26.64% |
| Sep 24, 2024 | Frank Louthan | Raymond James | $48.00 | $44.26 | 8.45% | 16.90% |
| Sep 23, 2024 | Jonathan Atkin | RBC Capital | $46.00 | $44.33 | 3.77% | 12.03% |
| Sep 06, 2024 | Brandon Nispel | KeyBanc | $44.00 | $41.31 | 6.51% | 7.16% |
| Jul 23, 2024 | Brandon Nispel | Loop Capital Markets | $46.00 | $39.20 | 17.33% | 12.03% |
| Jul 22, 2024 | Michael Rollins | Citigroup | $47.00 | $41.62 | 12.93% | 14.47% |
| Jul 22, 2024 | Maher Yaghi | Scotiabank | $46.50 | $41.62 | 11.73% | 13.25% |
The latest Verizon Communications stock forecast, released on Oct 23, 2024 by John Hodulik from UBS, set a price target of $44.00, which represents a 6.02% increase from the stock price at the time of the forecast ($41.50), and a 7.16% increase from VZ last price ($41.06).
Verizon Communications Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 4 | 7 | 19 |
| Avg Price Target | $48.50 | $47.43 | $45.87 |
| Last Closing Price | $41.06 | $41.06 | $41.06 |
| Upside/Downside | 18.12% | 15.51% | 11.71% |
In the current month, the average price target of Verizon Communications stock is $48.50, according to 4 Wall Street analysts offering twelve months forecast. The average price target represents a 18.12% increase as opposed to Verizon Communications's last price of $41.06. This month's average price target is up 2.26% compared to last quarter, and up 5.73% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 23, 2024 | KeyBanc | Overweight | Sector Weight | Downgrade |
| Oct 23, 2024 | UBS | Sector Perform | Sector Perform | Hold |
| Oct 23, 2024 | Tigress Financial | Underperform | Underperform | Hold |
| Oct 23, 2024 | UBS | Neutral | Neutral | Hold |
| Oct 23, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Oct 22, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Oct 18, 2024 | Scotiabank | Underperform | Underperform | Hold |
| Oct 18, 2024 | Tigress Financial | Sector Perform | Sector Perform | Hold |
| Oct 18, 2024 | Scotiabank | Sector Perform | Sector Perform | Hold |
| Oct 14, 2024 | Citigroup | Buy | Underperform | Downgrade |
Verizon Communications's last stock rating was published by KeyBanc on Oct 23, 2024. The company Downgrade its VZ rating from "Overweight" to "Sector Weight".
Verizon Communications Financial Forecast
Verizon Communications Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $35.13B | - | $32.60B | $32.91B | $35.25B | $34.24B | $33.79B | $33.55B | $34.07B | $32.91B | $33.76B | $32.87B | $34.69B | $31.54B |
| Avg Forecast | $36.99B | $34.47B | $33.64B | $33.93B | $36.25B | $34.49B | $33.99B | $33.91B | $35.97B | $34.14B | $33.67B | $33.62B | $35.48B | $33.42B | $33.05B | $33.23B | $34.60B | $33.27B | $33.30B | $33.57B | $35.09B | $33.76B | $33.74B | $33.61B | $34.06B | $33.23B | $32.77B | $32.46B | $34.45B | $31.59B |
| High Forecast | $37.86B | $35.29B | $34.43B | $34.74B | $37.11B | $35.30B | $34.80B | $34.71B | $36.83B | $34.95B | $34.47B | $34.33B | $36.30B | $33.58B | $33.05B | $33.23B | $35.77B | $34.03B | $34.09B | $34.36B | $35.92B | $33.76B | $33.74B | $33.61B | $34.06B | $33.23B | $32.77B | $32.46B | $34.45B | $31.59B |
| Low Forecast | $36.48B | $34.00B | $33.18B | $33.47B | $35.76B | $34.02B | $33.53B | $33.45B | $35.48B | $33.68B | $33.21B | $33.20B | $34.95B | $33.27B | $33.05B | $33.23B | $34.14B | $32.21B | $32.85B | $33.11B | $34.61B | $33.76B | $33.74B | $33.61B | $34.06B | $33.23B | $32.77B | $32.46B | $34.45B | $31.59B |
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 11 | 5 | 3 | 4 | 7 | 15 | 9 | 9 | 13 | 13 | 13 | 13 | 7 | 7 | 7 | 7 | 9 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | - | 0.98% | 0.98% | 1.00% | 1.01% | 1.00% | 1.00% | 1.00% | 0.99% | 1.03% | 1.01% | 1.01% | 1.00% |
Verizon Communications's average Quarter revenue forecast for Mar 24 based on 4 analysts is $33.23B, with a low forecast of $33.23B, and a high forecast of $33.23B. VZ's average Quarter revenue forecast represents a -5.40% decrease compared to the company's last Quarter revenue of $35.13B (Dec 23).
Verizon Communications EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 11 | 5 | 3 | 4 | 7 | 15 | 9 | 9 | 13 | 13 | 13 | 13 | 7 | 7 | 7 | 7 | 9 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $10.96B | - | $11.76B | $12.03B | $14.13B | $11.78B | $11.96B | $11.11B | $10.81B | $12.99B | $12.54B | $12.22B | $11.40B | $10.94B |
| Avg Forecast | $13.43B | $12.52B | $12.21B | $12.32B | $13.16B | $12.52B | $12.34B | $12.31B | $13.06B | $12.40B | $12.23B | $12.21B | $12.88B | $12.14B | $12.00B | $13.28B | $12.56B | $12.08B | $12.09B | $12.07B | $11.61B | $12.26B | $12.25B | $10.97B | $12.37B | $12.07B | $11.90B | $12.03B | $12.51B | $11.47B |
| High Forecast | $13.75B | $12.81B | $12.50B | $12.61B | $13.48B | $12.82B | $12.64B | $12.60B | $13.37B | $12.69B | $12.52B | $12.47B | $13.18B | $12.19B | $12.00B | $15.93B | $12.99B | $12.36B | $12.38B | $14.49B | $13.93B | $12.26B | $12.25B | $13.17B | $12.37B | $12.07B | $11.90B | $14.44B | $12.51B | $11.47B |
| Low Forecast | $13.25B | $12.35B | $12.05B | $12.15B | $12.98B | $12.35B | $12.18B | $12.14B | $12.88B | $12.23B | $12.06B | $12.05B | $12.69B | $12.08B | $12.00B | $10.62B | $12.40B | $11.70B | $11.93B | $9.66B | $9.29B | $12.26B | $12.25B | $8.78B | $12.37B | $12.07B | $11.90B | $9.62B | $12.51B | $11.47B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.87% | - | 0.97% | 1.00% | 1.22% | 0.96% | 0.98% | 1.01% | 0.87% | 1.08% | 1.05% | 1.02% | 0.91% | 0.95% |
4 analysts predict VZ's average Quarter EBITDA for Mar 24 to be $13.28B, with a high of $15.93B and a low of $10.62B. This is 21.19% upper than Verizon Communications's previous annual EBITDA (Dec 23) of $10.96B.
Verizon Communications Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 11 | 5 | 3 | 4 | 7 | 15 | 9 | 9 | 13 | 13 | 13 | 13 | 7 | 7 | 7 | 7 | 9 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-2.71B | - | $4.65B | $4.91B | $6.58B | $4.90B | $5.20B | $4.58B | $4.74B | $6.41B | $5.80B | $5.25B | $4.59B | $4.36B |
| Avg Forecast | - | - | - | - | $5.03B | $5.36B | $5.28B | $5.18B | $4.86B | $5.17B | $5.09B | $4.91B | $4.67B | $4.98B | $4.85B | $5.54B | $4.57B | $4.98B | $4.93B | $5.04B | $4.96B | $5.43B | $5.57B | $4.58B | $5.42B | $5.76B | $5.50B | $5.16B | $4.93B | $5.13B |
| High Forecast | - | - | - | - | $5.18B | $5.52B | $5.44B | $5.33B | $5.01B | $5.33B | $5.25B | $5.12B | $4.92B | $4.98B | $4.85B | $6.65B | $4.74B | $5.39B | $4.98B | $6.05B | $5.95B | $5.46B | $5.57B | $5.50B | $5.42B | $6.01B | $5.50B | $6.20B | $4.93B | $5.13B |
| Low Forecast | - | - | - | - | $4.94B | $5.26B | $5.19B | $5.08B | $4.78B | $5.08B | $5.00B | $4.74B | $4.50B | $4.98B | $4.85B | $4.43B | $4.44B | $4.85B | $4.87B | $4.03B | $3.96B | $5.40B | $5.57B | $3.66B | $5.42B | $5.51B | $5.50B | $4.13B | $4.93B | $5.13B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.59% | - | 0.94% | 0.97% | 1.33% | 0.90% | 0.93% | 1.00% | 0.87% | 1.11% | 1.06% | 1.02% | 0.93% | 0.85% |
Verizon Communications's average Quarter net income forecast for Sep 23 is $4.98B, with a range of $4.85B to $5.39B. VZ's average Quarter net income forecast represents a 7.25% increase compared to the company's last Quarter net income of $4.65B (Jun 23).
Verizon Communications SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 11 | 5 | 3 | 4 | 7 | 15 | 9 | 9 | 13 | 13 | 13 | 13 | 7 | 7 | 7 | 7 | 9 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $8.99B | - | $8.25B | $7.51B | $8.05B | $7.42B | $7.50B | $7.17B | $7.41B | $6.52B | $7.32B | $7.40B | $8.49B | $7.34B |
| Avg Forecast | $8.52B | $7.94B | $7.75B | $7.82B | $8.35B | $7.95B | $7.83B | $7.81B | $8.29B | $7.87B | $7.76B | $7.74B | $8.17B | $7.70B | $7.61B | $8.68B | $7.97B | $7.66B | $7.67B | $7.89B | $7.96B | $7.78B | $7.77B | $7.17B | $7.85B | $7.66B | $7.55B | $7.29B | $7.94B | $7.28B |
| High Forecast | $8.72B | $8.13B | $7.93B | $8.00B | $8.55B | $8.13B | $8.02B | $8.00B | $8.48B | $8.05B | $7.94B | $7.91B | $8.36B | $7.74B | $7.61B | $10.41B | $8.24B | $7.84B | $7.85B | $9.47B | $9.55B | $7.78B | $7.77B | $8.61B | $7.85B | $7.66B | $7.55B | $8.74B | $7.94B | $7.28B |
| Low Forecast | $8.41B | $7.83B | $7.64B | $7.71B | $8.24B | $7.84B | $7.72B | $7.71B | $8.18B | $7.76B | $7.65B | $7.65B | $8.05B | $7.66B | $7.61B | $6.94B | $7.87B | $7.42B | $7.57B | $6.31B | $6.37B | $7.78B | $7.77B | $5.74B | $7.85B | $7.66B | $7.55B | $5.83B | $7.94B | $7.28B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.13% | - | 1.08% | 0.95% | 1.01% | 0.95% | 0.96% | 1.00% | 0.94% | 0.85% | 0.97% | 1.02% | 1.07% | 1.01% |
Verizon Communications's average Quarter SG&A projection for Mar 24 is $8.68B, based on 4 Wall Street analysts, with a range of $6.94B to $10.41B. The forecast indicates a -3.48% fall compared to VZ last annual SG&A of $8.99B (Dec 23).
Verizon Communications EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 11 | 5 | 3 | 4 | 7 | 15 | 9 | 9 | 13 | 13 | 13 | 13 | 7 | 7 | 7 | 7 | 9 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-0.64 | - | $1.10 | $1.17 | $1.56 | $1.17 | $1.24 | $1.09 | $1.14 | $1.55 | $1.40 | $1.27 | $1.11 | $1.05 |
| Avg Forecast | - | - | - | - | $1.19 | $1.27 | $1.25 | $1.22 | $1.15 | $1.22 | $1.20 | $1.16 | $1.11 | $1.18 | $1.15 | $1.12 | $1.08 | $1.18 | $1.17 | $1.19 | $1.19 | $1.29 | $1.32 | $1.34 | $1.28 | $1.37 | $1.30 | $1.29 | $1.17 | $1.22 |
| High Forecast | - | - | - | - | $1.23 | $1.31 | $1.29 | $1.26 | $1.19 | $1.26 | $1.24 | $1.21 | $1.17 | $1.18 | $1.15 | $1.12 | $1.12 | $1.28 | $1.18 | $1.23 | $1.22 | $1.29 | $1.32 | $1.39 | $1.28 | $1.42 | $1.30 | $1.29 | $1.17 | $1.22 |
| Low Forecast | - | - | - | - | $1.17 | $1.25 | $1.23 | $1.20 | $1.13 | $1.20 | $1.18 | $1.12 | $1.07 | $1.18 | $1.15 | $1.12 | $1.05 | $1.15 | $1.15 | $1.17 | $1.17 | $1.28 | $1.32 | $1.30 | $1.28 | $1.31 | $1.30 | $1.29 | $1.17 | $1.22 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.59% | - | 0.94% | 0.98% | 1.31% | 0.91% | 0.94% | 0.81% | 0.89% | 1.14% | 1.08% | 0.98% | 0.95% | 0.86% |
According to 15 Wall Street analysts, Verizon Communications's projected average Quarter EPS for Sep 23 is $1.18, with a low estimate of $1.15 and a high estimate of $1.28. This represents a 7.26% increase compared to VZ previous annual EPS of $1.10 (Jun 23).
Verizon Communications Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CHTR | Charter Communications | $375.83 | $520.08 | 38.38% | Hold |
| CMCSA | Comcast | $42.53 | $53.14 | 24.95% | Buy |
| VZ | Verizon Communications | $41.06 | $49.95 | 21.65% | Buy |
| T | AT&T | $21.92 | $26.05 | 18.84% | Buy |
| VOD | Vodafone Group Public Limited Company | $9.32 | $9.50 | 1.93% | Buy |
| TMUS | T-Mobile US | $224.25 | $200.00 | -10.81% | Buy |
| LUMN | Lumen | $7.48 | $5.63 | -24.73% | Hold |
VZ Forecast FAQ
Is Verizon Communications a good buy?
Yes, according to 18 Wall Street analysts, Verizon Communications (VZ) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 9 'Buy' recommendations, accounting for 50.00% of VZ's total ratings.
What is VZ's price target?
Verizon Communications (VZ) average price target is $49.95 with a range of $40 to $68, implying a 21.65% from its last price of $41.06. The data is based on 18 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Verizon Communications stock go up soon?
According to Wall Street analysts' prediction for VZ stock, the company can go up by 21.65% (from the last price of $41.06 to the average price target of $49.95), up by 65.61% based on the highest stock price target, and down by -2.58% based on the lowest stock price target.
Can Verizon Communications stock reach $60?
VZ's highest twelve months analyst stock price target of $68 supports the claim that Verizon Communications can reach $60 in the near future.
What is Verizon Communications's current price target trend?
4 Wall Street analysts forecast a $48.5 price target for Verizon Communications (VZ) this month, up 18.12% from its last price of $41.06. Compared to the last 3 and 12 months, the average price target increased by 15.51% and increased by 11.71%, respectively.
What are Verizon Communications's analysts' financial forecasts?
Verizon Communications's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $138.64B (high $141.93B, low $136.75B), average EBITDA is $50.34B (high $51.53B, low $49.65B), average net income is $20.84B (high $21.48B, low $20.47B), average SG&A $31.94B (high $32.7B, low $31.51B), and average EPS is $4.93 (high $5.09, low $4.85). VZ's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $139.02B (high $142.32B, low $137.13B), average EBITDA is $50.48B (high $51.68B, low $49.79B), average net income is $0 (high $0, low $0), average SG&A $32.03B (high $32.79B, low $31.59B), and average EPS is $0 (high $0, low $0).
Did the VZ's actual financial results beat the analysts' financial forecasts?
Based on Verizon Communications's last annual report (Dec 2023), the company's revenue was $133.97B, which missed the average analysts forecast of $134.73B by -0.56%. Apple's EBITDA was $46.34B, missing the average prediction of $48.8B by -5.05%. The company's net income was $11.61B, missing the average estimation of $19.52B by -40.49%. Apple's SG&A was $32.74B, beating the average forecast of $31.2B by 4.97%. Lastly, the company's EPS was $2.75, missing the average prediction of $4.62 by -40.48%. In terms of the last quarterly report (Dec 2023), Verizon Communications's revenue was $35.13B, beating the average analysts' forecast of $34.6B by 1.54%. The company's EBITDA was $10.96B, missing the average prediction of $12.56B by -12.78%. Verizon Communications's net income was $-2.705B, missing the average estimation of $4.57B by -159.23%. The company's SG&A was $8.99B, beating the average forecast of $7.97B by 12.80%. Lastly, the company's EPS was $-0.64, missing the average prediction of $1.08 by -159.21%