Verizon (VZ) Stock Forecast & Price Target

Verizon Communications demonstrated a robust financial performance with consolidated revenue of $34.5 billion, reflecting a 5.2% year-over-year increase and surpassing consensus expectations by 2.2%, primarily due to a significant rise in wireless equipment revenue. The company also reported a 6.9% year-over-year increase in consumer revenue, amounting to $26.6 billion, which was 3% higher than consensus forecasts. Additionally, business adjusted EBITDA grew 6% year-over-year to $1.7 billion, benefitting from margin expansion driven by strategic cost-saving initiatives, further underscoring the company's positive financial trajectory.

Verizon Communications experienced a decline in business revenue of 0.3% year-over-year to $7.3 billion, indicating continued pressures in its legacy segments despite growth in its wireless portfolio and new AI-driven offerings. Additionally, the firm reported that postpaid additions fell short of expectations, with only 164,000 additions compared to the anticipated 218,000, driven primarily by underperformance in the tablets and wearables categories. Furthermore, the company's total broadband net additions of 293,000 also failed to meet forecasts, leading to reduced expectations for service revenue growth in both 2025 and 2026.