The Analyst Landscape: 9 Takes On Verizon Communications
Portfolio Pulse from Benzinga Insights
Verizon Communications (NYSE:VZ) has been the subject of diverse analyst opinions, with 9 analysts offering ratings ranging from bullish to bearish over the last three months. The average 12-month price target is $44.44, with a recent decrease of 1.68%. Analysts have adjusted their ratings and price targets, with some raising their targets and one lowering. Verizon's financials show a revenue decline of -2.64% for the quarter ending September 30, 2023, but strong net margin and ROE figures. The company's market cap is above industry average, indicating investor confidence.
January 24, 2024 | 2:00 pm
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NEUTRAL IMPACT
Verizon Communications has seen a range of analyst ratings with a slight decrease in the average price target. Financials indicate a revenue decline but strong profitability metrics. The company's market cap suggests investor confidence.
The mixed analyst ratings and slight decrease in price target suggest a neutral short-term impact on VZ's stock price. The strong net margin and ROE may counterbalance the negative sentiment from the revenue decline, maintaining investor confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100