Is Verizon Communications Stock a Buy at $40 with $48 Target Price?

Wednesday, 1 May 2024, 14:30

Oppenheimer's analyst reiterates buy recommendation on Verizon stock, citing potential for 21% upside. Despite subpar Q1 results, analyst sees strong network upgrades and management as positive drivers. Verizon offers reliable profit and generous dividend, making it an attractive investment at current price levels.
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Is Verizon Communications Stock a Buy at $40 with $48 Target Price?

Unambiguous Buy Recommendation

The analyst from Oppenheimer maintains a buy rating on Verizon stock with a target price of $48, anticipating a potential 21% upside from current levels. Despite some negative factors in Q1 results, such as slow revenue growth and lower earnings, the analyst remains bullish on the company.

Reliably Successful, Reliably Generous

Verizon is known for its steady performance and high-yield dividend, making it a reliable investment choice for those seeking consistent profits. The company's strong user base and network upgrades position it well for long-term growth and shareholder returns.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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