Verizon, the Communication Services sector company, was revisited by a Wall Street analyst yesterday. Analyst Michael Funk from Bank of America Securities reiterated a Hold rating on the stock and has a $48.00 price target.
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Michael Funk has given his Hold rating due to a combination of factors that balance Verizon’s operational progress with remaining risks. The company delivered better-than-expected first-quarter 2026 results, including upside in adjusted EPS and wireless postpaid phone net additions, and management signaled that competitive pressures in wireless may be easing alongside tighter control of acquisition and retention costs.
He also notes that broadband performance, including fiber and fixed wireless, was healthy and is likely to improve further in the second half of 2026, supporting the current outlook. Nevertheless, Verizon is still in the early phases of its strategic transformation and integration efforts, which introduces execution uncertainty, and with the stock already trading close to his unchanged $48 price target, he sees limited near-term upside, justifying a Neutral (Hold) stance.
According to TipRanks, Funk is an analyst with an average return of -8.5% and a 37.57% success rate.