Sebastiano Petti, an analyst from J.P. Morgan, maintained the Hold rating on Verizon. The associated price target is $49.00.
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Sebastiano Petti has given his Hold rating due to a combination of factors tied to Verizon’s near‑term earnings pressure and balanced long‑term prospects. He notes that wireless service revenue and EBITDA expectations have been trimmed, reflecting promotional amortization, outage credits, and tough comparisons against prior pricing actions, which temper confidence in multi‑year growth.
At the same time, Petti sees strategic benefits from Verizon’s fiber expansion, including the Frontier acquisition, which should enhance broadband reach, reduce churn, and support market share over time. His $49 December 2026 price target, derived from a DCF framework, suggests modest upside from current levels, leading him to maintain a Neutral stance rather than recommend more aggressive buying or selling of the shares.
Petti covers the Communication Services sector, focusing on stocks such as T Mobile US, AT&T, and Lumen Technologies. According to TipRanks, Petti has an average return of 9.7% and a 64.57% success rate on recommended stocks.
In another report released yesterday, UBS also maintained a Hold rating on the stock with a $48.00 price target.