Verizon Communications Inc. (VZ)
NYSE: VZ · Real-Time Price · USD
41.33
-0.29 (-0.70%)
At close: Oct 29, 2024, 4:00 PM
41.38
+0.05 (0.12%)
After-hours: Oct 29, 2024, 7:59 PM EDT

Verizon Stock Forecast

Stock Price Forecast

The 16 analysts with 12-month price forecasts for Verizon stock have an average target of 46, with a low estimate of 39 and a high estimate of 55. The average target predicts an increase of 11.30% from the current stock price of 41.33.

Analyst Consensus: Buy
Target Low Average Median High
Price $39 $46 $46 $55
Change -5.64% +11.30% +11.30% +33.08%

Analyst Ratings

The average analyst rating for Verizon stock from 17 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 May '24Jun '24Jul '24Aug '24Sep '24Oct '24
Strong Buy 223333
Buy 666654
Hold 7788910
Sell 000000
Strong Sell 000000
Total 151517171717

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Keybanc
Keybanc
Hold
Downgrades
n/a
Hold Downgrades n/a n/a Oct 24, 2024
Scotiabank
Scotiabank
Hold
Maintains
$47$47
Hold Maintains $47$47 +13.72% Oct 23, 2024
UBS
UBS
Hold
Maintains
$43$44
Hold Maintains $43$44 +6.46% Oct 23, 2024
Scotiabank
Scotiabank
Hold
Maintains
$47$47
Hold Maintains $47$47 +14.32% Oct 18, 2024
Tigress Financial
Tigress Financial
Strong Buy
Maintains
$52$55
Strong Buy Maintains $52$55 +33.08% Oct 1, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
139.10B
from 133.97B
Increased by 3.83%
Revenue Next Year
141.72B
from 139.10B
Increased by 1.88%
EPS This Year
4.71
from 2.75
Increased by 71.23%
EPS Next Year
4.82
from 4.71
Increased by 2.40%
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
131.87B128.29B133.61B136.84B133.97B139.10B141.72B143.67B
Revenue Growth
0.77%-2.71%4.15%2.41%-2.09%3.83%1.88%1.38%
EPS
4.654.305.325.062.754.714.825.03
EPS Growth
23.67%-7.53%23.71%-4.90%-45.64%71.23%2.40%4.23%
Forward PE
-----8.788.578.22
No. Analysts -----282821
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 143.1B 149.1B 150.5B
Avg 139.1B 141.7B 143.7B
Low 131.5B 132.7B 133.9B

Revenue Growth

Revenue Growth 20242025202620272028
High
6.8%
7.2%
6.2%
Avg
3.8%
1.9%
1.4%
Low
-1.8%
-4.6%
-5.5%

EPS Forecast

EPS 20242025202620272028
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 20242025202620272028
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.