WallStreetZen

NYSE: VZ
Verizon Communications Inc Stock Forecast, Predictions & Price Target

Analyst price target for VZ

Based on 10 analysts offering 12 month price targets for Verizon Communications Inc.
Min Forecast
$58.00+0.89%
Avg Forecast
$61.90+7.67%
Max Forecast
$68.00+18.28%

Should I buy or sell VZ stock?

Buy
Strong Buy
3 analysts 25%
Buy
2 analysts 16.67%
Hold
7 analysts 58.33%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

VZ stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDate
Craig Moffett
Moffett Nathanson
Strong BuyUpgrades$66.00+14.80%2020-12-02
Philip Cusick
JP Morgan
Strong BuyUpgrades$65.00+13.06%2020-11-05
Joseph Bonner
Argus Research
Strong BuyUpgrades$68.00+18.28%2020-09-08
Ivan Feinseth
Tigress Financial
BuyUpgradesN/AN/A2021-03-24
Frank Louthan
Raymond James
BuyMaintains$61.00+6.11%2020-04-27
Timothy Horan
Oppenheimer
HoldDowngradesN/AN/A2021-02-25
Douglas Mitchelson
Credit Suisse
HoldMaintains$59.00+2.63%2021-01-19
Eric Luebchow
Wells Fargo
HoldReinstates$60.00+4.37%2020-11-16
Anonymous
Wolfe Research
HoldInitiates Coverage On$62.00+7.84%2020-10-20
William Power
Baird
HoldMaintains$58.00+0.89%2020-04-28

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Forecast return on equity

Is VZ forecast to generate an efficient return?
Company
33.83%
Industry
20.03%
Market
32,279.67%
VZ's Return on Equity is forecast to be high in 3 years (33.83%); analysts are confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is VZ forecast to generate an efficient return on assets?
Company
7.25%
Industry
7.71%
Market
11,627.87%
VZ is forecast to generate lower Return on Assets (7.25%) than the US Telecom Services industry average (7.71%)
Forecast

VZ earnings per share forecast

What is VZ's earnings per share in the next 3 years based on estimates from 17 analysts?
Avg 1 year Forecast
$5.07+17.89%
Avg 2 year Forecast
$5.20+20.83%
Avg 3 year Forecast
$5.37+24.83%
VZ's earnings are forecast to grow at a rate of 7.59% per year, which is not exceptional
Forecast

VZ revenue forecast

What is VZ's revenue in the next 3 years based on estimates from 16 analysts?
Avg 1 year Forecast
$133.1B+3.75%
Avg 2 year Forecast
$135.4B+5.53%
Avg 3 year Forecast
$136.9B+6.74%
VZ's revenue is forecast to grow at a rate of 2.2% per year, which is not exceptional
Forecast

VZ earnings growth forecast

How is VZ forecast to perform vs Telecom Services companies and vs the US market?
Company
7.59%
Industry
9.92%
Market
23.11%
VZ's earnings are forecast to grow slower (7.59% per year) than the US Telecom Services industry average (9.92%)
Forecast
VZ's earnings are forecast to grow slower (7.59% per year) than the US market average (23.11%)
Forecast
VZ's earnings are forecast to grow faster (7.59% per year) than the risk-free savings rate (1.7%)
Forecast

VZ revenue growth forecast

How is VZ forecast to perform vs Telecom Services companies and vs the US market?
Company
2.2%
Industry
4.89%
Market
15.02%
VZ's revenues are forecast to grow slower (2.2% per year) than the US Telecom Services industry average (4.89%)
Forecast
VZ's revenues are forecast to grow slower (2.2% per year) than the US market average (15.02%)
Forecast

Verizon Communications Stock Forecast FAQ

Is Verizon Communications Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 12 Wall Street analysts covering (NYSE: VZ) stock is to Buy VZ stock.

Out of 12 analysts, 3 (25%) are recommending VZ as a Strong Buy, 2 (16.67%) are recommending VZ as a Buy, 7 (58.33%) are recommending VZ as a Hold, 0 (0%) are recommending VZ as a Sell, and 0 (0%) are recommending VZ as a Strong Sell.

What is VZ's earnings growth forecast for 2021-2023?

(NYSE: VZ) Verizon Communications's forecast annual earnings growth rate of 7.59% is not forecast to beat the US Telecom Services industry's average forecast earnings growth rate of 9.92%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 23.11%.

Verizon Communications's earnings in 2021 is $17,801,000,000.On average, 17 Wall Street analysts forecast VZ's earnings for 2021 to be $20,977,655,584, with the lowest VZ earnings forecast at $20,152,519,567, and the highest VZ earnings forecast at $21,724,995,427. On average, 17 Wall Street analysts forecast VZ's earnings for 2022 to be $21,501,124,521, with the lowest VZ earnings forecast at $20,814,614,666, and the highest VZ earnings forecast at $22,056,042,976.

In 2023, VZ is forecast to generate $22,212,462,943 in earnings, with the lowest earnings forecast at $21,145,662,215 and the highest earnings forecast at $23,007,804,681.

What is VZ's revenue growth forecast for 2021-2023?

(NYSE: VZ) Verizon Communications's forecast annual revenue growth rate of 2.2% is not forecast to beat the US Telecom Services industry's average forecast revenue growth rate of 4.89%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 15.02%.

Verizon Communications's revenue in 2021 is $128,292,000,000.On average, 16 Wall Street analysts forecast VZ's revenue for 2021 to be $550,772,754,430,253, with the lowest VZ revenue forecast at $541,755,176,433,273, and the highest VZ revenue forecast at $566,034,989,941,265. On average, 18 Wall Street analysts forecast VZ's revenue for 2022 to be $560,217,789,299,156, with the lowest VZ revenue forecast at $544,410,591,588,577, and the highest VZ revenue forecast at $582,784,382,082,078.

In 2023, VZ is forecast to generate $566,648,015,516,981 in revenue, with the lowest revenue forecast at $548,987,737,767,916 and the highest revenue forecast at $583,654,623,327,458.

What is VZ's forecast return on assets (ROA) for 2021-2024?

(NYSE: VZ) forecast ROA is 7.25%, which is lower than the forecast US Telecom Services industry average of 7.71%.

What is VZ's Price Target?

According to 10 Wall Street analysts that have issued a 1 year VZ price target, the average VZ price target is $61.90, with the highest VZ stock price forecast at $68.00 and the lowest VZ stock price forecast at $58.00.

On average, Wall Street analysts predict that Verizon Communications's share price could stay at $61.90 by Mar 24, 2022. The average Verizon Communications stock price prediction forecasts a potential downside of N/A from the current VZ share price of $57.49.

What is VZ's Earnings Per Share (EPS) forecast for 2021-2023?

(NYSE: VZ) Verizon Communications's current Earnings Per Share (EPS) is $4.30. On average, analysts forecast that VZ's EPS will be $5.07 for 2021, with the lowest EPS forecast at $4.87, and the highest EPS forecast at $5.25. On average, analysts forecast that VZ's EPS will be $5.20 for 2022, with the lowest EPS forecast at $5.03, and the highest EPS forecast at $5.33. In 2023, VZ's EPS is forecast to hit $5.37 (min: $5.11, max: $5.56).

What is VZ's forecast return on equity (ROE) for 2021-2024?

(NYSE: VZ) forecast ROE is 33.83%, which is considered strong.
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