Verizon Communications Inc. — Wall Street Analyst Estimates & Price Targets

NYSECommunication ServicesTelecommunications ServicesCIK 0000732712verizon.comAbout VZ

Last close · Oct 16, 202644.79+0.39 (+0.88%)

Market cap$186.1B

6 firms' latest targets, last 90 days: median $47.00 ($45.00–$52.00), 5% above the last close.

Price and published targets

daily close, 12 months · each dot a target, a firm's latest darker

Each firm's latest target

last 90 days · 6 firms

Date	Firm	Target	Previous	Change	Vs price then	Vs price now
2026-10-13	Bernstein	$45.00	$47.00	▼ 4%	+5%	+0%
2026-10-09	Scotiabank	$50.00	$52.50	▼ 5%	+8%	+12%
2026-07-27	Morgan Stanley	$52.00	$50.00	▲ 4%	+10%	+16%
2026-07-27	RBC Capital	$47.00	—	—	+1%	+5%
2026-07-27	Barclays	$46.00	$45.00	▲ 2%	-1%	+3%
2026-07-27	Wells Fargo	$47.00	$43.00	▲ 9%	+1%	+5%

Consensus estimates

revenue and EPS by fiscal year · reported years marked

FY	Revenue	YoY	EPS	YoY	Revenue range	EPS range	Analysts
2023reported	$134.0B	-2%	$2.75	-46%	est. $133.5B+0%	est. $4.71	14
2024reported	$134.8B	+1%	$4.14	+51%	est. $134.5B+0%	est. $4.58	15
2025reported	$138.2B	+3%	$4.06	-2%	est. $137.9B+0%	est. $4.68	15
2026	$140.7B	+2%	$5.00	+7%	$139.4B–$142.0B	$4.96–$5.18	16
2027	$143.3B	+2%	$5.25	+5%	$140.3B–$144.8B	$5.10–$5.47	16
2028	$144.6B	+1%	$5.62	+7%	$140.9B–$148.5B	$5.04–$5.99	12
2029	$147.7B	+2%	$5.92	+5%	$145.3B–$150.4B	$5.79–$6.06	10
2030	$149.7B	+1%	$6.31	+7%	$147.3B–$152.4B	$6.17–$6.46	6

A reported year shows the company's figures, with the consensus beside it (revenue against it in %). Reported EPS is GAAP diluted; the analysts' EPS usually leaves items such as stock compensation out, so the two are not like for like. Faded: a year the valuation models do not read — they read the first 3, and a later one only while 10 or more analysts cover every year up to it — or one under 5 analysts.

The analysts at a glance

$47.00median target, 5% above the last close

Firms with a target · last 90 days: 6
Lowest – highest target: $45.00 – $52.00
Current grades of 12 firms: positive / neutral / negative: 5 / 7 / 0
Upgrades / downgrades · 12 months: 1 / 0
Consensus revenue growth · next 3 FY: +2% a year

Current grades

each firm's latest · 12 firms

As of	Firm	Grade
2026-10-09	Scotiabank	“Sector Outperform”
2026-07-27	Morgan Stanley	“Equal Weight”
2026-07-27	TD Cowen	“Buy”
2026-07-27	RBC Capital	“Sector Perform”
2026-07-27	Barclays	“Equal Weight”
2026-07-27	Wells Fargo	“Equal Weight”
2026-07-14	BNP Paribas Exane	“Neutral”
2026-04-30	J.P. Morgan	“Neutral”
2026-03-20	Citigroup	“Buy”
2026-02-19	Daiwa Capital	“Buy”
2026-02-02	Evercore ISI	“Outperform”
2026-01-16	Bernstein	“Market Perform”

Grade changes

last 24 months · 3

Date	Firm	Grade
2026-03-09	Scotiabank	“Sector Perform” → “Sector Outperform” upgrade
2026-02-19	Daiwa Capital	“Outperform” → “Buy” revised
2024-10-24	Keybanc	“Overweight” → “Sector Weight” downgrade

57 older than 24 months

2024-03-22	Rothschild & Co Redburn	“Sell” → “Neutral” upgrade
2024-01-31	Barclays	“Overweight” → “Equal Weight” downgrade
2024-01-24	Daiwa Capital	“Neutral” → “Outperform” upgrade
2024-01-04	Wolfe Research	“Peer Perform” → “Outperform” upgrade
2024-01-03	Keybanc	“Sector Weight” → “Overweight” upgrade
2023-10-25	Barclays	“Equal Weight” → “Overweight” upgrade
2023-08-29	Citigroup	“Neutral” → “Buy” upgrade
2023-05-01	RBC Capital	“Sector Perform” → “Perform” revised
2022-12-15	Morgan Stanley	“Equal Weight” → “Overweight” upgrade
2022-10-06	Oppenheimer	“Perform” → “Outperform” upgrade
2022-08-18	MoffettNathanson	“Market Perform” → “Underperform” downgrade
2022-07-28	Bank of America	“Buy” → “Neutral” downgrade
2022-07-25	Scotiabank	“Sector Outperform” → “Sector Perform” downgrade
2022-04-29	DZ Bank	“Hold” → “Sell” downgrade
2022-04-25	Goldman Sachs	“Buy” → “Neutral” downgrade
2022-01-26	J.P. Morgan	“Overweight” → “Neutral” downgrade
2021-04-27	MoffettNathanson	“Buy” → “Neutral” downgrade
2021-03-24	Tigress Financial	“Neutral” → “Buy” upgrade
2021-02-25	Oppenheimer	“Outperform” → “Perform” downgrade
2020-12-02	MoffettNathanson	“Neutral” → “Buy” upgrade
2020-11-05	J.P. Morgan	“Neutral” → “Overweight” upgrade
2020-10-20	Wolfe Research	“Peer Perform” → “Perform” revised
2020-09-08	Argus Research	“Hold” → “Buy” upgrade
2020-03-16	Raymond James	“Market Perform” → “Outperform” upgrade
2020-03-02	TD Cowen	“Market Perform” → “Outperform” upgrade
2020-02-03	Credit Suisse	“Outperform” → “Neutral” downgrade
2019-11-14	HSBC	“Buy” → “Hold” downgrade
2019-11-04	Nomura	“Buy” → “Neutral” downgrade
2019-10-16	Bernstein	“Market Perform” → “Perform” revised
2019-08-27	Oppenheimer	“Perform” → “Outperform” upgrade
2019-07-08	Citigroup	“Buy” → “Neutral” downgrade
2019-05-30	UBS	“Buy” → “Neutral” downgrade
2018-12-12	Morgan Stanley	“Overweight” → “Equal Weight” downgrade
2018-12-03	J.P. Morgan	“Overweight” → “Neutral” downgrade
2018-09-04	MoffettNathanson	“Buy” → “Neutral” downgrade
2018-09-04	Barclays	“Overweight” → “Equal Weight” downgrade
2018-06-21	Goldman Sachs	“Neutral” → “Buy” upgrade
2018-06-19	Deutsche Bank	“Hold” → “Buy” upgrade
2018-05-11	J.P. Morgan	“Neutral” → “Overweight” upgrade
2018-04-25	UBS	“Neutral” → “Buy” upgrade
2018-04-25	Truist	“Hold” → “Buy” upgrade
2018-04-23	Barclays	“Equal Weight” → “Overweight” upgrade
2018-03-28	HSBC	“Hold” → “Buy” upgrade
2018-01-22	Scotia Howard Weil	“Sector Perform” → “Sector Outperform” upgrade
2018-01-22	Scotiabank	“Sector Perform” → “Sector Outperform” upgrade
2018-01-19	MoffettNathanson	“Buy” → “Neutral” downgrade
2017-12-14	HSBC	“Buy” → “Hold” downgrade
2017-12-12	Nomura	“Neutral” → “Buy” upgrade
2017-11-20	Wells Fargo	“Market Perform” → “Outperform” upgrade
2017-04-21	Argus Research	“Buy” → “Hold” downgrade
2017-01-25	B. Riley	“Outperform” → “Market Perform” downgrade
2017-01-25	RBC Capital	“Outperform” → “Sector Perform” downgrade
2017-01-25	Raymond James	“Outperform” → “Market Perform” downgrade
2017-01-23	Wells Fargo	“Outperform” → “Market Perform” downgrade
2017-01-19	HSBC	“Neutral” → “Buy” upgrade
2017-01-03	Citigroup	“Neutral” → “Buy” upgrade
2016-10-24	Drexel Hamilton	“Hold” → “Buy” upgrade

Targets, grades and estimates are quoted from third parties (via Financial Modeling Prep) and are theirs, not ours; each target links to the report it was published in. A firm counts once, at its latest target or grade.