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 43.75, with a low estimate of 36 and a high estimate of 50. The average target predicts an increase of 11.55% from the current stock price of 39.22.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$36	$43.75	$45	$50
Change	-8.21%	+11.55%	+14.74%	+27.49%

Analyst Ratings

The average analyst rating for Verizon stock from 16 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	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	2	2	2	2	2	2
Buy	6	6	7	7	7	7
Hold	6	6	7	7	8	7
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	14	14	16	16	17	16

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Eric Luebchow Wells Fargo	Wells Fargo	Hold Maintains $44 → $40	Hold	Maintains	$44 → $40	+1.99%	Apr 23, 2024
Timothy Horan Oppenheimer	Oppenheimer	Buy Maintains $48	Buy	Maintains	$48	+22.39%	Apr 23, 2024
Timothy Horan Oppenheimer	Oppenheimer	Buy Maintains $48	Buy	Maintains	$48	+22.39%	Apr 3, 2024
Jonathan Atkin RBC Capital	RBC Capital	Hold Maintains $36 → $40	Hold	Maintains	$36 → $40	+1.99%	Apr 2, 2024
Steve Malcolm Redburn Atlantic	Redburn Atlantic	Strong Sell → Hold Upgrades $39	Strong Sell → Hold	Upgrades	$39	-0.56%	Mar 22, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

139.86B

Increased by 4.39%

from 133.97B

Revenue Next Year

141.76B

Increased by 1.36%

from 139.86B

EPS This Year

4.72

Increased by 71.60%

from 2.75

EPS Next Year

4.85

Increased by 2.77%

from 4.72

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	131.87B	128.29B	133.61B	136.84B	133.97B	139.86B	141.76B	143.55B	146.24B	145.12B
Revenue Growth	0.77%	-2.71%	4.15%	2.41%	-2.09%	4.39%	1.36%	1.27%	1.87%	-0.77%
EPS	4.65	4.30	5.32	5.06	2.75	4.72	4.85	5.02	5.15	5.19
EPS Growth	23.67%	-7.53%	23.72%	-4.89%	-45.65%	71.60%	2.77%	3.43%	2.61%	0.85%
No. Analysts	-	-	-	-	-	28	27	21	7	4

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	144.7B	148.7B	150.1B	153.3B	149.1B
Avg	139.9B	141.8B	143.6B	146.2B	145.1B
Low	131.4B	132.6B	133.9B	136.5B	136.9B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	8.0%	6.4%	5.9%	6.8%	2.0%
Avg	4.4%	1.4%	1.3%	1.9%	-0.8%
Low	-1.9%	-5.2%	-5.5%	-4.9%	-6.4%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	4.90	5.10	5.34	5.45	5.29
Avg	4.72	4.85	5.02	5.15	5.19
Low	4.39	4.38	4.49	4.81	4.94

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	78.3%	8.1%	10.2%	8.6%	2.8%
Avg	71.6%	2.8%	3.4%	2.6%	0.9%
Low	59.7%	-7.3%	-7.5%	-4.1%	-4.0%

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.