Verizon's Positive Pricing Strategy Supports Future Growth, Broadband Growth to Rely on Fiber and Fixed Wireless: Analyst
Portfolio Pulse from Anusuya Lahiri
Goldman Sachs analyst James Schneider maintained a Buy rating on Verizon with a price target of $52. Verizon's Q3 results were in line with expectations, with revenue slightly below consensus. The company reaffirmed its 2024 guidance, and investor focus is expected to shift to its broadband strategy.
October 22, 2024 | 6:08 pm
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Goldman Sachs analyst James Schneider maintained a Buy rating on Verizon with a price target of $52. Verizon's Q3 results were in line with expectations, with revenue slightly below consensus. The company reaffirmed its 2024 guidance, and investor focus is expected to shift to its broadband strategy.
Verizon's Q3 results were largely in line with expectations, and the company reaffirmed its 2024 guidance. The analyst maintained a Buy rating, indicating confidence in future growth. However, the stock price is currently down, suggesting a neutral short-term impact as the market digests the results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100