Verizon Communications Inc. (VZ)

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 '24	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24
Strong Buy	2	2	3	3	3	3
Buy	6	6	6	6	5	4
Hold	7	7	8	8	9	10
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	15	15	17	17	17	17

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Brandon Nispel Keybanc	Keybanc	Buy → Hold Downgrades n/a	Buy → Hold	Downgrades	n/a	n/a	Oct 24, 2024
Maher Yaghi Scotiabank	Scotiabank	Hold Maintains $47 → $47	Hold	Maintains	$47 → $47	+13.72%	Oct 23, 2024
John Hodulik UBS	UBS	Hold Maintains $43 → $44	Hold	Maintains	$43 → $44	+6.46%	Oct 23, 2024
Maher Yaghi Scotiabank	Scotiabank	Hold Maintains $47 → $47	Hold	Maintains	$47 → $47	+14.32%	Oct 18, 2024
Ivan Feinseth 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

Increased by 3.83%

from 133.97B

Revenue Next Year

141.72B

Increased by 1.88%

from 139.10B

EPS This Year

4.71

Increased by 71.23%

from 2.75

EPS Next Year

4.82

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	139.10B	141.72B	143.67B
Revenue Growth	0.77%	-2.71%	4.15%	2.41%	-2.09%	3.83%	1.88%	1.38%
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	-	-	-	-	-	8.78	8.57	8.22
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	150.5B
Avg	139.1B	141.7B	143.7B
Low	131.5B	132.7B	133.9B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	6.8%	7.2%	6.2%
Avg	3.8%	1.9%	1.4%
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.