Verizon (VZ) Stock Forecast & Price Target

Verizon Communications demonstrated strong financial performance in its recent reports, with consolidated revenue rising 5.2% year-over-year to $34.5 billion, surpassing consensus estimates by 2.2%. Business adjusted EBITDA increased by 6% to $1.7 billion, benefiting from strategic initiatives such as cost-saving measures and operational efficiencies. Additionally, consumer revenue grew by 6.9% to $26.6 billion, highlighting the company's effective market position as the largest U.S. wireless carrier, supported by substantial increases in equipment revenue.

Verizon Communications experienced a year-over-year decline of 0.3% in business revenue, amounting to $7.3 billion, largely due to ongoing pressures in its legacy segments despite some growth in its wireless portfolio and new AI-anchored offerings. The company's performance in terms of other postpaid additions and broadband net adds fell short of consensus expectations, with notable underperformance in tablets and wearables, as well as Fios and fixed wireless access (FWA) subscriptions. These factors, coupled with a revised outlook for lower net additions in the consumer and business subscriber segments, contribute to a cautious forecast for service revenue growth in 2025 and 2026.