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Verizon Communications (VZ) Stock Forecast & Price Target

$38.97
-0.12 (-0.31%)
(As of 10:53 AM ET)

Verizon Communications - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 16 Wall Street analysts who have issued ratings for Verizon Communications in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 16 analysts, 7 have given a hold rating, and 9 have given a buy rating for VZ.

Consensus Price Target

$45.34
16.36% Upside
High Forecast$52.00
Average Forecast$45.34
Low Forecast$39.00

According to the 16 analysts' twelve-month price targets for Verizon Communications, the average price target is $45.34. The highest price target for VZ is $52.00, while the lowest price target for VZ is $39.00. The average price target represents a forecasted upside of 16.36% from the current price of $38.97.

TypeCurrent Forecast
7/24/23 to 7/23/24
1 Month Ago
6/24/23 to 6/23/24
3 Months Ago
4/25/23 to 4/24/24
1 Year Ago
7/24/22 to 7/24/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
9 Buy rating(s)
8 Buy rating(s)
8 Buy rating(s)
5 Buy rating(s)
Hold
7 Hold rating(s)
6 Hold rating(s)
6 Hold rating(s)
9 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$45.34$44.77$44.21$44.33
Forecasted Upside16.36% Upside10.44% Upside9.34% Upside20.15% Upside
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VZ Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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VZ Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Verizon Communications Stock vs. The Competition

TypeVerizon CommunicationsComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.60
2.61
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside15.72% Upside119.27% Upside9.24% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/23/2024JPMorgan Chase & Co.
3 of 5 stars
 Lower TargetNeutral ➝ Neutral$46.00 ➝ $45.00+15.12%
7/23/2024Royal Bank of Canada
4 of 5 stars
 Reiterated RatingSector Perform ➝ Sector Perform$42.00 ➝ $42.00+7.44%
7/10/2024Scotiabank
5 of 5 stars
 Boost TargetSector Perform ➝ Sector Perform$45.50 ➝ $46.50+13.53%
7/1/2024The Goldman Sachs Group
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J. Schneider
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Initiated CoverageBuy$50.00+21.24%
5/17/2024Tigress Financial
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 Boost TargetBuy ➝ Buy$50.00 ➝ $52.00+29.32%
4/23/2024Wells Fargo & Company
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 Lower TargetEqual Weight ➝ Equal Weight$44.00 ➝ $40.00+0.48%
4/23/2024Oppenheimer
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 Reiterated RatingOutperform ➝ Outperform$48.00 ➝ $48.00+24.29%
3/22/2024Redburn Atlantic
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 UpgradeSell ➝ Neutral$33.00 ➝ $39.00-3.75%
1/30/2024Citigroup
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 Boost TargetBuy ➝ Buy$45.00 ➝ $47.00+11.16%
1/26/2024Barclays
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 Boost TargetOverweight ➝ Equal Weight$42.00 ➝ $44.00+3.95%
1/24/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$37.00 ➝ $43.00+2.82%
1/24/2024KeyCorp
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 Boost TargetOverweight ➝ Overweight$45.00 ➝ $46.00+8.90%
1/24/2024Raymond James
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 Boost TargetOutperform ➝ Outperform$42.00 ➝ $46.00+8.90%
1/24/2024Daiwa Capital Markets
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 UpgradeNeutral ➝ Outperform$36.00 ➝ $47.00+11.27%
1/4/2024Wolfe Research
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 UpgradePeer Perform ➝ Outperform$46.00+17.51%
8/3/2023Morgan Stanley
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 Reiterated RatingOverweight ➝ Overweight$44.00+33.58%
7/17/2023Edward Jones
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 DowngradeBuy ➝ Hold
6/5/2023HSBC
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 Lower Target$42.50 ➝ $39.00+12.78%
3/23/2023Bank of America
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 Lower TargetNeutral$51.00 ➝ $41.00+9.77%
1/25/2023Cowen
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 Lower TargetOutperform$55.00 ➝ $49.00+21.23%
12/19/2022Moffett Nathanson
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C. Moffett
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UpgradeUnderperform ➝ Market Perform$41.00+10.45%
10/27/2022Credit Suisse Group
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 Lower Target$43.00+18.72%
10/24/2022Cowen
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 Lower TargetOutperform$64.00 ➝ $55.00+55.54%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 11:17 AM ET.

VZ Forecast - Frequently Asked Questions

What is Verizon Communications' forecast for 2024?

According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Verizon Communications is $45.34, with a high forecast of $52.00 and a low forecast of $39.00.

Should I buy or sell Verizon Communications stock right now?

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last year. There are currently 7 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" VZ shares.

Does Verizon Communications's stock price have much upside?

According to analysts, Verizon Communications's stock has a predicted upside of 12.52% based on their 12-month stock forecasts.

What analysts cover Verizon Communications?

Verizon Communications has been rated by research analysts at JPMorgan Chase & Co., Royal Bank of Canada, Scotiabank, The Goldman Sachs Group, and Tigress Financial in the past 90 days.

Do Wall Street analysts like Verizon Communications more than its competitors?

Analysts like Verizon Communications less than other "computer and technology" companies. The consensus rating score for Verizon Communications is 2.56 while the average consensus rating score for "computer and technology" companies is 2.61. Learn more on how VZ compares to other companies.


This page (NYSE:VZ) was last updated on 7/23/2024 by MarketBeat.com Staff

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