Why Verizon Stock Skyrocketed 20.4% Last Month and Is Rising in March

Verizon (NYSE: VZ) banal continued to rally successful February pursuing the company's beardown fourth-quarter results astatine the extremity of January. The telecommunications' stock terms surged 20.4% higher successful the month, and the show looks adjacent stronger amid a 0.9% diminution for the S&P 500 and a 3.4% diminution for the Nasdaq Composite in the month.

Blowout quarters are a uncommon happening successful Verizon's country of the telecommunications industry, but the institution delivered astatine the extremity of January -- and it's translated into a sustained rally for the stock. The banal is present up astir 25.5% crossed 2026's trading.

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Following its beardown fourth-quarter report, Verizon received a ample fig of banal standing raises and price-target increases successful February. Firms including JPMorgan Chase, RBC Capital, Scotiabank, UBS, Wells Fargo, TD Cowen, and Morgan Stanley each increased their price target forecasts for the telecommunications company's share price adjacent the opening of February.

The past large portion of bullish expert sum for the banal past period arrived connected Feb. 19, with Daiwa raising its standing connected the institution from outperform to buy. The concern steadfast besides accrued its one-year terms people connected the banal from $48 per stock to $58 per share.

Daiwa's analysts singled retired Verizon's summation of 616,000 nett postpaid subscribers successful the 4th arsenic a fantastic show achievement. The squad besides said that it thinks that beardown momentum for lawsuit additions is sustainable this twelvemonth and that the company's valuation offered the champion risk-reward illustration successful the telecom sector. Despite large gains successful past month's trading and continued momentum successful March, Daiwa's terms people inactive implies further upside of astir 13.5%.

The broader marketplace has been roiled by volatility aboriginal successful March's trading, but Verizon banal has continued to ascent in the month. The company's stock terms is up 1.9% crossed the agelong truthful far.

The warfare with Iran has broadly sent stocks lower, and the latest jobs study from the Bureau of Labor Statistics has added to the pressure. Economists surveyed by Dow Jones had forecasted that the U.S. system would shed 50,000 nonfarm jobs successful February, but the number actually came successful astatine 92,000.