Analyst Gregory Williams of TD Cowen maintained a Buy rating on Verizon (VZ – Research Report), retaining the price target of $50.00.
Gregory Williams has given his Buy rating due to a combination of factors that indicate potential growth and stability for Verizon. Despite the company experiencing significant consumer phone losses in the first quarter of 2025, management remains optimistic about achieving their 2025 phone growth targets. This confidence is supported by recent improvements in gross additions and expected reductions in churn rates.
Moreover, Verizon’s financial guidance remains intact, with the company trading at a dividend premium compared to its peers. The introduction of new offers, such as the ‘price lock,’ and the ongoing rollout of C-Band are expected to enhance customer experience and drive growth. Additionally, Verizon’s wireless service revenue growth is at the high end of guidance, providing a solid foundation for future financial performance. These factors collectively contribute to Williams’s positive outlook on Verizon’s stock.
According to TipRanks, Williams is an analyst with an average return of -3.7% and a 43.26% success rate. Williams covers the Communication Services sector, focusing on stocks such as Cogent Comms, Verizon, and AT&T.
In another report released on April 11, Evercore ISI also upgraded the stock to a Buy with a $48.00 price target.