Verizon (VZ) Stock Forecast & Price Target

Verizon Communications reported a robust 6% year-over-year increase in business adjusted EBITDA to $1.7 billion, outperforming consensus estimates by 3.6%, attributed to cost-saving initiatives and margin expansion. The company's consumer revenue also grew by 6.9% year-over-year to $26.6 billion, exceeding expectations by 3%, while consolidated revenue rose 5.2% year-over-year to $34.5 billion, driven primarily by a significant increase in wireless equipment revenue. Furthermore, Verizon's service revenue experienced a 2.1% increase to $20.3 billion, accompanied by a notable 30% year-over-year growth in equipment revenue to $5.4 billion, further underscoring the firm's strong market position and financial health.

Verizon Communications reported a 0.3% year-over-year decline in business revenue to $7.3 billion, indicating ongoing pressures in its legacy segments, despite growth in the wireless portfolio. Postpaid additions, including newer offerings, fell short of expectations with only 164,000 new subscribers compared to the anticipated 218,000, driven by lower contributions from tablets and wearables. Furthermore, broadband net additions also underperformed, totaling 293,000 against the consensus estimate of 340,000, leading to lowered projections for service revenue growth in 2025 and 2026.