Verizon (VZ) Stock Forecast & Price Target

Verizon Communications demonstrated a robust financial performance, with consolidated revenue reaching $34.5 billion, marking a 5.2% year-over-year increase that surpassed consensus by 2.2%, largely driven by a significant rise in wireless equipment revenue. Additionally, business adjusted EBITDA grew 6% year-over-year to $1.7 billion, exceeding expectations by 3.6%, fueled by margin expansion from cost-saving initiatives and operational efficiencies. Furthermore, consumer revenue also showed strength, increasing 6.9% year-over-year to $26.6 billion, which was 3% above consensus, reinforcing the company's positive outlook in the competitive telecom market.

Verizon Communications reported a 0.3% year-over-year decline in business revenue to $7.3 billion, indicating persistent pressures in its legacy segments despite some growth in its wireless portfolio and emerging technology offerings. The company experienced disappointing postpaid additions, with other categories, including tablets and wearables, falling significantly below consensus expectations, reflecting challenges in expanding its customer base. Additionally, broadband net additions were also below expectations, prompting lowered projections for service revenue growth in 2025 and 2026, further contributing to the negative outlook on the stock.