- Verizon unveils a portable private 5G network tailored for live event production, aiming to revolutionize broadcasting.
- Analysts set an average one-year price target for Verizon at $47.06, forecasting a potential 9.36% upside.
- GuruFocus estimates suggest a potential 5.09% downside based on GF Value metrics.
Verizon Business (VZ, Financial) has made a significant stride in the telecommunications industry by launching an innovative portable private 5G network. This cutting-edge technology, highlighted at the NAB show, is designed to enhance live event production. By integrating with NVIDIA's (NVDA) GPUs and AI platforms, Verizon aims to transform video management and connectivity, thereby promising a new era in broadcasting workflows.
Wall Street Analysts Forecast
As of the latest analysis, Verizon Communications Inc (VZ, Financial) is projected by 22 analysts to have an average target price of $47.06 over the next year. This includes a high estimate of $55.00 and a low estimate of $40.00. The suggested average price target indicates a potential upside of 9.36% from its current trading price of $43.03. For further insights and detailed estimate data, visit the Verizon Communications Inc (VZ) Forecast page.
The consensus recommendation from 27 brokerage firms places Verizon Communications Inc (VZ, Financial) at an average brokerage recommendation of 2.6, reflecting a "Hold" status. This rating is based on a scale from 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Sell recommendation.
According to GuruFocus estimates, the anticipated GF Value for Verizon Communications Inc (VZ, Financial) in one year is $40.84. This suggests a potential downside of 5.09% from the current price of $43.03. The GF Value represents GuruFocus' calculated fair value of the stock based on historical trading multiples, past business growth, and future performance estimates. More comprehensive data is available on the Verizon Communications Inc (VZ) Summary page.
