Verizon Communications (VZ) Price Target Bumped to $55

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Verizon Communications Inc. (NYSE:VZ) engages successful the proviso of communications, technology, information, and streaming products and services to consumers, businesses, and governmental entities worldwide.

On March 20, Citi expert Michael Rollins bumped the firm’s terms people connected Verizon Communications Inc. (NYSE:VZ) from $50 to $55, portion maintaining a ‘Buy’ standing connected the shares. The raised people indicates an upside of implicit 9% from the existent stock price.

The determination comes aft Citi sees ‘positive optionality’ from Verizon’s streamlined outgo operation and expanded converged services. The expert believes that the steadfast has the imaginable to instrumentality to yearly work gross maturation adjacent twelvemonth and physique connected its EBITDA and escaped currency flow.

Verizon Communications Inc. (NYSE:VZ) is projecting its FY 2026 adjusted EBITDA to beryllium successful the scope of $4.90 to $4.95, representing a YoY maturation of 4% to 5%. The institution expects its escaped currency travel to scope $21.5 cardinal oregon much during the year, up by astir 7% oregon much compared to 2025. Meanwhile, the firm’s CapEx guidance for FY 2026 stands astatine $16 cardinal to $16.5 billion, down $4 cardinal from the combined 2025 expenditures of Verizon and Frontier.

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