Verizon (VZ) Stock Forecast & Price Target

Verizon Communications demonstrates a robust financial performance, with consolidated revenue rising 5.2% year-over-year to $34.5 billion, surpassing consensus expectations by 2.2%. Notably, consumer revenue also experienced a significant uptick of 6.9% year-over-year, reaching $26.6 billion, while business adjusted EBITDA increased by 6% to $1.7 billion, reflecting effective cost-saving strategies and operational efficiencies. The company’s strong operational metrics are further supported by substantial growth in equipment revenue, which soared 30% year-over-year to $5.4 billion, indicating a favorable trend in wireless equipment sales.

Verizon Communications reported a year-over-year decline of 0.3% in business revenue, totaling $7.3 billion, highlighting ongoing pressures in legacy segments despite some growth in wireless and emerging AI-anchored services. The company's postpaid additions fell short of expectations, achieving only 164,000 compared to the consensus of 218,000, largely due to disappointing net additions in tablets and wearables. Additionally, broadband net additions totaled 293,000, which was below market expectations, resulting in lowered forecasts for service revenue growth in 2025 and 2026 amid reduced expectations for consumer segment net additions and business segment subscribers.