Is Verizon stock a buy? (2024)

Is Verizon stock a buy?

VZ Stock Forecast FAQ

Is Verizon a good stock to buy right now?

Verizon Stock: Is It A Buy Right Now? Verizon stock holds a Relative Strength Rating of 71 out of a best-possible 99, according to the IBD Stock Checkup. The best stocks tend to have RS ratings of 80 or better. In addition, Verizon stock has an IBD Composite Rating of 59 out of 99.

What is the future of Verizon stock?

Stock Price Forecast

The 16 analysts with 12-month price forecasts for Verizon stock have an average target of 44, with a low estimate of 36 and a high estimate of 50. The average target predicts an increase of 9.17% from the current stock price of 40.31.

What is the Verizon outlook for 2024?

With Q4's impressive increase in consumer postpaid phone net adds, Verizon's wireless service revenue reached $19.4 billion for the quarter, growing 3.2% over the prior year. The company expects wireless service revenue to continue its growth in 2024, forecasting a year-over-year increase of at least 2%.

Is Verizon stock better than AT&T?

Telecom Stock Analysis: Verizon (VZ)

It is more focused on the core wireless business, where it has the biggest market share and higher profit margins than AT&T. Verizon has made big purchases too, most infamously of AOL and Yahoo, both of which it sold in 2021 to Apollo for a mere $5 billion.

Is Verizon stock good long-term?

With its 4-star rating, we believe Verizon's stock is undervalued compared with our long-term fair value estimate of $54 per share, which equates to roughly 8 times our 2024 EBITDA forecast. That valuation also implies an 8.2% free cash flow yield based on the firm's performance in 2023.

What will Verizon stock be in 5 years?

Verizon Communications stock prediction for 1 year from now: $ 44.26 (11.69%) Verizon Communications stock forecast for 2025: $ 39.08 (-1.64%) Verizon Communications stock prediction for 2030: $ 35.98 (-9.45%)

Should I hold or sell Verizon stock?

Verizon stock has received a consensus rating of hold. The average rating score is Baa1 and is based on 26 buy ratings, 31 hold ratings, and 2 sell ratings.

Who owns most of Verizon stock?

Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Charles Schwab Investment Management Inc, Geode Capital Management, Llc, Morgan Stanley, SCHD - Schwab U.S. Dividend Equity ...

Is Verizon a dividend paying stock?

VZ pays a dividend of $0.67 per share. VZ's annual dividend yield is 6.45%. When is Verizon ex-dividend date? Verizon's upcoming ex-dividend date is on Apr 09, 2024.

Is Verizon going to grow?

Outlook and guidance

For 2024, Verizon expects the following: Total wireless service revenue growth² of 2.0 percent to 3.5 percent. Adjusted EBITDA growth¹ of 1.0 percent to 3.0 percent.

How do I get $800 from Verizon?

Get up to $800 off with trade-in

Verizon has a trade-in deal for existing customers, offering up to $800 off with an eligible trade-in. You can get that full trade-in value with an iPhone 11 or later, Galaxy S10 or later and Google Pixel 4 or later.

Is Verizon really only $25 dollars a month?

With the Unlimited Plus plan, get a three-year price guarantee,(price guarantee excludes taxes and fees),² Verizon Home Internet starting at $25/mo with Auto Pay, and take advantage of up to 50% off connected device plans.

Why did Buffett sell Verizon?

As interest rates began to rise, Verizon's stock price began to fall. VZ data by YCharts. This is likely the primary culprit for Verizon's stock's woes. Buffett saw the rising rates and knew investors would soon have other options for generating income that didn't include dealing with a shrinking stock price.

How safe is Verizon's dividend?

Verizon's dividend is safe

Because phone subscriptions are essential in today's digital society, Verizon's cash flows are steady. This allows the company to pay an above-average dividend, making it more akin to a utility company. Furthermore, Verizon's dividend payout ratio is fairly low compared to historical levels.

Who is bigger Verizon or AT&T?

T-Mobile is the largest US telco by market cap

Verizon and AT&T were valued at 138.69 and 107.38 billion U.S. dollars respectively.

Is Verizon a safe stock?

Verizon Communications (VZ-N) has seen quite a bit of fluctuation in its stock price due to stabilizing interest rates and overselling after the pandemic. It is a secure US yield play with a dividend yield of around 6.5%.

What is the fair value of Verizon stock?

Is Verizon in debt?

Total debt on the balance sheet as of December 2023 : $174.94 B. According to Verizon's latest financial reports the company's total debt is $174.94 B. A company's total debt is the sum of all current and non-current debts.

Is AT&T a buy or sell right now?

AT&T has a conensus rating of Moderate Buy which is based on 9 buy ratings, 6 hold ratings and 0 sell ratings. What is AT&T's price target? The average price target for AT&T is $20.89. This is based on 15 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

Is Google a buy or sell?

GOOGL Stock Forecast FAQ

Alphabet Class A has 8.49% upside potential, based on the analysts' average price target. Is GOOGL a Buy, Sell or Hold? Alphabet Class A has a conensus rating of Strong Buy which is based on 30 buy ratings, 7 hold ratings and 0 sell ratings.

Is Nvidia still a buy?

Nvidia stock is not a buy right now. However, if the stock climbs above its flat base, it would be a buy. A stronger rebound from the 10-week line also would put Nvidia in a buy zone.

How much will Verizon stock be worth in 10 years?

According to the latest long-term forecast, Verizon price will hit $40 by the middle of 2024 and then $45 by the middle of 2025. Verizon will rise to $50 within the year of 2026, $60 in 2027, $65 in 2028, $70 in 2029, $75 in 2030, $80 in 2031, $85 in 2033, $90 in 2034 and $95 in 2035.

Is Apple a buy or sell right now?

Is Apple stock a Buy, Sell or Hold? Apple stock has received a consensus rating of buy. The average rating score is Aaa and is based on 67 buy ratings, 30 hold ratings, and 2 sell ratings.

Did AT&T buy Verizon?

More than 1 million Verizon customers in 18 states now are AT&T subscribers, but their plans wont change for a while. AT&T Inc. has wrapped the acquisition of Verizon Wireless assets in a number of states, but Verizon customers plans and coverage will stay the same for about the next year.