"Goldman Sachs analyst Michael Ng just raised his price target to $55 from $50, maintaining a Buy rating, implying meaningful upside from the current price of $50.91 and sitting above the Street consensus."
"Verizon generated $19.822 billion in free cash flow in FY2024, and its EBITDA stands at roughly $50 billion. For income-oriented investors, these are the metrics that sustain the dividend and support long-term compounding."
"Fixed Wireless Access revenue surged 51.6% year-over-year to $611 million in Q4 2024, with the subscriber base at approximately 4.6 million. Verizon is targeting 8 to 9 million FWA subscribers by 2028."
"The quarterly dividend was raised to $0.7075 per share, with an annualized yield of 5.7%. Verizon has maintained a consistent dividend growth track record, supporting income-focused strategies."
Verizon Communications has seen a significant stock increase, with shares up 2.78% over the past month and nearly 25% year-to-date. Currently trading around $50.60, analysts have a consensus target of $50.76, with Goldman Sachs raising its target to $55. The upgrade is based on a shift in reporting metrics starting in Q1 2026, focusing on EBITDA and free cash flow. Key growth drivers include Fixed Wireless Access revenue, consistent dividend growth, and the Frontier acquisition aimed at expanding network reach.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]