Analyst Gregory Williams of TD Cowen maintained a Buy rating on Verizon, retaining the price target of $56.00.
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Gregory Williams has given his Buy rating due to a combination of factors that reflect Verizon’s robust financial performance and strategic initiatives. The company’s management has expressed confidence in achieving their EBITDA growth targets, driven by strong service revenue growth and strategic cost-saving measures.
Additionally, Verizon’s disciplined approach to customer acquisition and the integration of AI in customer care are expected to enhance operational efficiency. The company is also benefiting from improved performance in its managed services business and network cost reductions. These factors, along with the completion of a voluntary employee separation program, contribute to the positive outlook for Verizon’s financial health.
According to TipRanks, Williams is an analyst with an average return of -6.2% and a 40.96% success rate. Williams covers the Communication Services sector, focusing on stocks such as Echostar, T Mobile US, and AT&T.
In another report released on July 27, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $50.00 price target.