- Evercore ISI upgrades Verizon (VZ, Financial) to 'outperform' with a price target indicating a 12% potential upside.
- Analysts offer a mixed forecast, spotlighting both optimistic and conservative price targets.
- GuruFocus' GF Value suggests a slight downside based on historical performance metrics.
Evercore ISI has recently upgraded Verizon (VZ) to an "outperform" rating, a move underscored by the company's strong standing within the wireless sector. Although Verizon has lagged behind key competitors such as AT&T and T-Mobile, its strategic investments in fiber and wireless broadband signal potential growth opportunities. The firm's revised price target for Verizon is set at $48, indicating a potential upside of nearly 12% from its current trading price.
Wall Street Analysts Forecast
In a collective one-year outlook from 22 analysts, Verizon Communications Inc (VZ, Financial) holds an average target price of $47.22. The projections range widely, from a high estimate of $55.00 to a conservative low of $40.00. This average target suggests an approximate upside of 8.28% from the current market price of $43.61. For more in-depth estimate data, visit the Verizon Communications Inc (VZ) Forecast page.
Evaluating the consensus from 27 brokerage firms, Verizon Communications Inc's current brokerage recommendation averages at 2.6, categorizing it as a "Hold." On the rating spectrum, a score of 1 conveys a Strong Buy, whereas a score of 5 suggests a Sell.
GuruFocus GF Value Insight
According to GuruFocus' analytical estimates, the projected GF Value for Verizon Communications Inc (VZ, Financial) in one year is approximately $40.82. This value denotes a potential downside of 6.39% from the current trading price of $43.605. The GF Value is GuruFocus' assessment of the stock's fair trading value, derived from its historical trading multiples, past business growth, and future business performance projections. For further detailed data, the Verizon Communications Inc (VZ) Summary page is available for viewing.
