Verizon Communications Inc. offers communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. Its Consumer segment provides postpaid and prepaid service plans; internet access on notebook computers and tablets; wireless equipment, including smartphones and other handsets; and wireless-enabled internet devices, such as tablets, and other wireless-enabled connected devices, such as smart watches. It also provides residential fixed connectivity solutions, including internet, video, and voice services; and sells network access to mobile virtual network operators. As of December 31, 2020, it had approximately 94 million wireless retail connections, 7 million broadband connections, and 4 million Fios video connections. The company's Business segment provides network connectivity products, including private networking, private cloud connectivity, virtual and software defined networking, and internet access services; and internet protocol-based voice and video services, unified communications and collaboration tools, and customer contact center solutions. This segment also offers a suite of management and data security services; domestic and global voice and data solutions, including voice calling, messaging services, conferencing, contact center solutions, and private line and data access networks; customer premises equipment; installation, maintenance, and site services; and Internet of Things products and services. As of December 31, 2020, it had approximately 27 million wireless retail postpaid connections and 482 thousand broadband connections. Verizon Communications Inc. has a strategic partnership with Mastercard Incorporated. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.
IPO Year: n/a
Exchange: NYSE
Website: verizon.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/24/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 7/1/2024 | $50.00 | Buy | Goldman |
| 3/22/2024 | $33.00 → $39.00 | Sell → Neutral | Redburn Atlantic |
| 1/31/2024 | $44.00 | Overweight → Equal Weight | Barclays |
| 1/24/2024 | $36.00 → $47.00 | Neutral → Outperform | Daiwa Securities |
| 1/16/2024 | $42.00 → $45.00 | Buy | Citigroup |
| 1/4/2024 | $46.00 | Peer Perform → Outperform | Wolfe Research |
| 1/3/2024 | $45.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 10/25/2023 | $37.00 → $38.00 | Equal Weight → Overweight | Barclays |
| 8/29/2023 | $39.00 → $40.00 | Neutral → Buy | Citigroup |
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BASKING RIDGE, N.J., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Verizon Communications ((NYSE, NASDAQ:VZ) today announced the appointment of Santiago "Yago" Tenorio as Chief Technology Officer and SVP of Strategy and Technology Enablement. Tenorio brings more than 25 years of technical expertise in the wireless industry to lead the next chapter of Verizon technology innovation. Tenorio will report directly to Joe Russo, Executive Vice President & President, Global Network and Technology. "As we continue to advance our 5G and 5G-advanced network builds, this is the right time to also look towards the future technology Verizon will enable," said Joe Russo, Executive Vice President & President, Globa
BASKING RIDGE, N.J., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Verizon Frontline today announced the launch of a newly-established program designed to help strengthen partnerships with vendors in the public safety and mission-critical communications industry. The "Verizon Frontline-Verified" program offers a special designation to vendors whose products have been tested and met the rigorous standards required for public safety use on the Verizon network. The products eligible for this status are specifically designed to assist public safety officials and first responders during all types of hazards and emergencies. "This program is designed to help give the first responders we support peace
BASKING RIDGE, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. ((NYSE, NASDAQ:VZ) has announced preliminary results of the shareholder vote at its annual meeting, which was held today in a virtual-only format. Verizon's shareholders elected each of Verizon's 10 directors to a one-year term. Shareholders also voted in favor of two management proposals: Approved the compensation of the company's named executive officers as described in the 2024 proxy statement; andRatified the appointment of Ernst & Young LLP as the company's independent registered public accounting firm. All seven shareholder proposals were defeated: prohibit political contributions study; expand discl
NEW YORK, April 30, 2024 (GLOBE NEWSWIRE) -- Verizon Business, in collaboration with Nokia, is heading to Chicago to showcase the latest technologies driving business innovation and powering business growth at the first Innovation Session of 2024. This invite-only event will follow a curated program highlighting the transformative impact of 5G and other applications through immersive demonstrations of current and forward-looking use cases. "We're excited to bring our Innovation Sessions back to Soldier Field, showcasing Verizon Business' commitment to pioneering advancements in connectivity," said Jonathan Nikols, SVP, Global Enterprise Americas, Verizon Business. "Our upcoming Innovation
NEW YORK, April 26, 2024 (GLOBE NEWSWIRE) -- The U.S. Environmental Protection Agency has recognized Verizon Communications Inc. ((NYSE, NASDAQ:VZ) as a recipient of the 2024 ENERGY STAR® Partner of the Year – Sustained Excellence Award in the Energy Management category. This marks the 12th consecutive year that Verizon has been recognized by ENERGY STAR® for its ongoing leadership in protecting the environment through its numerous energy efficient milestones and achievements. Verizon has achieved 677 ENERGY STAR certifications for its properties since 2001 and will continue to pursue ENERGY STAR certifications for 100% of its eligible facilities. Verizon is actively reducing energy us
Shellye Archambeau brings over 30 years of expertise in technology leadership to the Lineage Board of Directors Lineage, Inc. ("Lineage"), the world's largest global temperature-controlled warehouse REIT and integrated solutions provider, today announced the appointment of Shellye Archambeau to the Board of Directors of Lineage's operating subsidiary, Lineage Logistics Holdings, LLC. Archambeau assumed her position on the board this month, bringing deep expertise as a seasoned CEO and public company board leader to her role. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240423547241/en/Lineage today announced the appointment
Company adds proven SaaS public company CHRO, Jeff Harper, and additional senior roles amidst ongoing scale and expansion. AuditBoard, the leading cloud-based platform transforming audit, risk, compliance, and ESG management, today announced it has brought on public SaaS company veteran Jeff Harper as Chief Human Resources Officer (CHRO) to help scale the organization and infrastructure, continue to attract and retain exceptional talent, and steward AuditBoard's award-winning company culture through continued rapid growth. In addition, AuditBoard has appointed two internal leaders to new senior positions to support the next phase of growth and expansion for the business, naming Anthony Pl
NEW YORK, March 28, 2024 (GLOBE NEWSWIRE) -- Today, Verizon announced it has joined RE100, a global initiative bringing together the world's most influential businesses committed to 100% renewable electricity. Led by the Climate Group and in partnership with CDP, RE100's mission is to accelerate change towards zero carbon grids at scale, an objective that Verizon is proud to support. As previously announced, Verizon aims to source renewable energy equivalent to 100% of its annual electricity usage by 2030, with an interim target of 50% by 2025. "As a core part of our business, Verizon looks to benefit the communities where we operate, identify ways to be stronger and more resilient and cr
WASHINGTON, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Today, Verizon, along with a consortium of industry carriers, vendors and developers, was awarded a grant from the National Telecommunications and Information Administration (NTIA) to drive testing and evaluation of O-RAN compliant wireless infrastructure. The work of this consortium will focus on refining and driving standards, equipment and interoperability to accelerate O-RAN across the globe, especially as it relates to multi-vendor performance. The award of $42.3 million is made under the Public Wireless Supply Chain Innovation Fund created by Congress. "We applaud the NTIA, Congress, and our industry partners who have recognized the need
NEW YORK, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Verizon is investing more in customer experience with the creation of an organization dedicated solely to creating the best experiences for customers and employees. Under Verizon Consumer CEO Sowmyanarayan Sampath, Brian Higgins has been appointed as the company's first-ever Chief Customer Experience Officer for the consumer group. Former Walmart executive Dory Butler will join Higgins as senior vice president of Customer Experience, where she will lead the development and delivery of high-quality sales and service experiences focusing on the end-to-end consumer journey. The Customer Experience Organization will invest heavily in transforming th
Key Takeaways: Verizon reaches fixed wireless access subscriber target 15 months ahead of scheduleCustomer demand for broadband solutions accelerates fixed wireless and fiber rolloutFixed wireless subscribers on path to double to 8-9 million by 2028Fiber network expected to expand to 35-40 million passings over time NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. ((NYSE, NASDAQ:VZ) today announced an update to its broadband strategy, with new fixed wireless subscriber goals, household targets and broadband offerings to accelerate its premium broadband and mobility services to millions more customers nationwide. Verizon has more than 11.9 million total broadband co
Key Highlights: Increases scale with 2.2 million fiber subscribers and will extend Verizon's network reach to 25 million premises across 31 states and Washington, D.C.Transaction valued at $20 billion, expected to be accretive to revenue and Adjusted EBITDA growth upon closingVerizon reaffirms full-year 2024 guidanceProjected to generate at least $500 million in annual run-rate cost synergiesVerizon to host investor conference call today at 8:00 AM Eastern Time NEW YORK and DALLAS, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. ((NYSE, NASDAQ:VZ) and Frontier Communications Parent, Inc. (NASDAQ:FYBR) today announced they have entered into a definitive agreement for Verizo
NEW YORK, Sept. 04, 2024 (GLOBE NEWSWIRE) -- The Board of Directors at Verizon Communications Inc. ((NYSE, NASDAQ:VZ) today declared a quarterly dividend of 67.75 cents per outstanding share, an increase of 1.25 cents per share from the previous quarter. The quarterly dividend is payable on November 1, 2024, to Verizon shareholders of record at the close of business on October 10, 2024. This is the 18th consecutive year Verizon's Board has approved a quarterly dividend increase. "Our strong focus on three key pillars – wireless service revenue growth, adjusted EBITDA expansion, and free cash flow generation – has once again put the Board in a position to raise the dividend," said Chairma
What you need to know: Verizon recently added 20 new small cells and added 5G capacity to 31 existing cell sites in Myrtle Beach, and added a new cell site to offer expanded 4G and 5G coverage and added 5G capacity to eight existing cell sites in Hilton Head.Beachgoers are more likely to bring their phones to the beach than a chair, umbrella, or cooler.Among those who have worked from the beach, nearly 1 in 5 say they've done so secretly, without telling their boss or coworkers (18%). MYRTLE BEACH, S.C., June 18, 2024 (GLOBE NEWSWIRE) -- Whether sharing beach volleyball pictures on social media, attending a quick work conference call, or making online dinner reser
NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Verizon Communications Inc. ((NYSE, NASDAQ:VZ) today declared a quarterly dividend of 66.50 cents per outstanding share, consistent with the previous three quarters. The quarterly dividend is payable on August 1, 2024, to Verizon shareholders of record at the close of business on July 10, 2024. "Our commitment to delivering a consistent dividend reflects both our confidence in the strength of our cash flow and our dedication to creating value for our shareholders," said Chairman and CEO Hans Vestberg. "We are focused on putting the Board in a position to raise the dividend again later this year, which we have done for
NEW YORK, Feb. 29, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Verizon Communications Inc. ((NYSE, NASDAQ:VZ) today declared a quarterly dividend of 66.50 cents per outstanding share, unchanged from the previous two quarters. The quarterly dividend is payable on May 1, 2024, to Verizon shareholders of record at the close of business on April 10, 2024. "We are one of the strongest cash generating companies in the industry, and we are proud to have raised our dividend 17 years in a row," said Chairman and CEO Hans Vestberg. "We continue to focus on maximizing value for our shareholders and executing our network-as-a-service strategy." Verizon has approximately 4.2 billion shares of
NEW YORK, Dec. 07, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Verizon Communications Inc. ((NYSE, NASDAQ:VZ) today declared a quarterly dividend of 66.50 cents per outstanding share, unchanged from the previous quarter. The quarterly dividend is payable on February 1, 2024, to Verizon shareholders of record at the close of business on January 10, 2024. "We are committed to delivering value to our customers and shareholders as we execute on our focused network strategy," said Chairman and CEO Hans Vestberg. "Our financial discipline and strong cash flow continue to put the company in a position for the Board to declare a quarterly dividend." Verizon has approximately 4.2 billion s
Company ended the quarter with approximately 10.3 million broadband subscribers, an increase of nearly 21 percent year over year Year-to-date cash flow from operations increased approximately $600 million year over year, and year-to-date free cash flow1 increased $2.2 billion year over year 3Q 2023 highlights Consolidated: $1.13 in EPS, compared with $1.17 in third-quarter 2022; adjusted EPS1, excluding special items, of $1.22, compared with $1.32 in third-quarter 2022.Total operating revenue of $33.3 billion, a de
NEW YORK, Sept. 07, 2023 (GLOBE NEWSWIRE) -- The Board of Directors at Verizon Communications Inc. ((NYSE, NASDAQ:VZ) today declared a quarterly dividend of 66.50 cents per outstanding share, an increase of 1.25 cents per share from the previous quarter. The quarterly dividend is payable on November 1, 2023, to Verizon shareholders of record at the close of business on October 10, 2023. This is the 17th consecutive year Verizon's Board has approved a quarterly dividend increase. "Our consistently disciplined approach to driving strong cash flow, operating the business, and serving our customers has once again put the Board in a position to raise the dividend," said Chairman and CEO H
NEW YORK, June 01, 2023 (GLOBE NEWSWIRE) -- The Board of Directors at Verizon Communications Inc. ((NYSE, NASDAQ:VZ) today declared a quarterly dividend of 65.25 cents per outstanding share, consistent with the previous three quarters. The quarterly dividend is payable on August 1, 2023, to Verizon shareholders of record at the close of business on July 10, 2023. "Our consistent financial execution has once again put the Board in a position to declare the dividend," said Chairman and CEO Hans Vestberg. "With our disciplined approach and long-term strategy, we continue to focus on maximizing value for our shareholders." Verizon has 4.2 billion shares of common stock outstanding. The compa
NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Verizon is taking some of the pressure off of the holidays this year. With GenAI tools and more customer-friendly services, we're making your shopping experience more personalized and easier than ever, so you can spend less time stressing and more time celebrating. Here's how: A Verizon retail store in your pocketThe new and improved myVerizon app puts an entire Verizon retail store in your pocket. Say goodbye to endless scrolling and confusing menus; the new myVerizon app delivers everything you need in seconds, with a streamlined interface and access to all the coolest new tech, the best deals and the info you need, without ever leaving your
WASHINGTON, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Verizon Business has been awarded a new agreement with the United States Department of Agriculture (USDA), valued at over $21 million in the first year. The agreement will enable the USDA to enhance its connectivity capabilities across the nation, supporting over 60,000 lines of service. Verizon will deliver wireless services and service enabled devices. The contract also creates the potential for mobile broadband (MBB) for connected laptops across the agency's numerous field offices. USDA's partnership with Verizon Business will help to ensure that the USDA can operate with cutting-edge technology wherever its mission takes it. The USDA'
AUSTIN. Texas, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Verizon, a global leader in driving virtualized and Open Radio Access Network (O-RAN) technologies, has deployed Open RAN (O-RAN) based Distributed Antenna Systems (DAS) systems with multiple vendor interoperability at The University of Texas Moody Center and the Austin Convention Center. These are the first DAS systems commercially deployed in the Verizon network using O-RAN interfaces between the various components of the cellular Radio Access Network from different vendors. Both systems use a Samsung vDU with an O-RAN interface to a Commscope DAS, illustrating how ORAN standards can bring together best-in-class products from the ecosyste
BASKING RIDGE, N.J., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Verizon Frontline today announced Dejero as the latest partner to earn "Verizon Frontline Verified" status. Dejero manufactures GateWay network aggregation devices that deliver high-quality live video and real-time data over IP. Dejero joins Panorama Antennas in meeting the high standards required to become "Verizon Frontline Verified." "This is yet another milestone for Dejero that will positively impact our emergency response communities," said Jehan Karim, Dejero global director of business development. "Achieving ‘Verizon Frontline Verified' status is a testament to our unwavering commitment to deliver high-quality, resilient
NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- The following should be attributed to Hans Vestberg, Verizon, chairman and CEO: Verizon congratulates FCC Commissioner Brendan Carr on being named the next Chairman of the Federal Communications Commission. Commissioner Carr has been a champion for policy approaches that unleash robust investment and deployment in next-generation broadband networks that benefit all Americans. During his years on the FCC, Commissioner Carr has shown that he understands how policies and regulations affect investment decisions and has pursued approaches that benefit American consumers and American competitiveness. He has also championed smart spectrum policies, an
NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Tony Skiadas, executive vice president and chief financial officer for Verizon ((NYSE, NASDAQ:VZ), is scheduled to speak at the Morgan Stanley European Technology, Media and Telecom Conference on Thursday, November 21, at 2:05 a.m. ET. His remarks will be webcast, with access instructions available on Verizon's Investor Relations website, www.verizon.com/about/investors. Verizon Communications Inc. ((NYSE, NASDAQ:VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all o
What you need to know: For five consecutive years, at least four out of five respondents have reported using at least one form of fleet technology.Fleet technology is making significant strides in reducing costs, enhancing operational efficiency, and improving safety.Fleet management software is evolving to meet emerging challenges, including sustainability and electrification. NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Verizon Connect today released its fifth annual Fleet Technology Trends Report, conducted in partnership with Bobit Business Media, and based on responses from 543 fleet management professionals. The report highlights how fleet management technology continues to serv
SAN ANTONIO, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Verizon Business today announced a partnership with Knightscope, a leading developer of autonomous security robots (ASRs), to provide secure, reliable connectivity for the deployment of Knightscope's K5 security robots and K1 emergency communication devices to help elevate safety at commercial and government facilities. This collaboration marks a significant advancement in autonomous security technology, with the K5, powered by the Verizon network, now holding a Federal Risk and Authorization Management Program (FedRAMP) Moderate Authority to Operate (ATO) designation from the U.S. Department of Veterans Affairs, a key endorsement of the K5's
Frontier Communications Parent, Inc. (NASDAQ:FYBR) ("Frontier" or the "Company") today announced that its stockholders approved the acquisition by Verizon Communications Inc. ((NYSE, NASDAQ:VZ) ("Verizon") at its special meeting held on November 13, 2024. Approximately 63% of stockholders voted "For" the merger agreement proposal, with ten of the company's top 12 stockholders voting to approve the transaction. On September 5, 2024, Frontier and Verizon announced they had entered into a merger agreement, pursuant to which Verizon would acquire Frontier in an all-cash transaction. Frontier stockholders will receive $38.50 per share in cash, representing a premium of 37% to Frontier's unaffe
What you need to know: The Verizon Frontline Crisis Response Team supported first responders participating in the exerciseAdvanced communication technologies helped ensure seamless coordination across jurisdictions and organizationsVerizon provided multiple mission-critical communications solutions SOUTHPORT, N.C., Nov. 12, 2024 (GLOBE NEWSWIRE) -- The Verizon Frontline Crisis Response Team recently completed a deployment in support of first responders participating in a Nuclear Hostile Action Exercise in Brunswick County, North Carolina. More than 40 first responders representing 12 different public safety agencies gathered at the Brunswick Nuclear Plant for the training, which allowed
KeyBanc Capital Markets downgraded Verizon from Overweight to Sector Weight
Goldman initiated coverage of Verizon with a rating of Buy and set a new price target of $50.00
Redburn Atlantic upgraded Verizon from Sell to Neutral and set a new price target of $39.00 from $33.00 previously
Barclays downgraded Verizon from Overweight to Equal Weight and set a new price target of $44.00
Daiwa Securities upgraded Verizon from Neutral to Outperform and set a new price target of $47.00 from $36.00 previously
Citigroup reiterated coverage of Verizon with a rating of Buy and set a new price target of $45.00 from $42.00 previously
Wolfe Research upgraded Verizon from Peer Perform to Outperform and set a new price target of $46.00
KeyBanc Capital Markets upgraded Verizon from Sector Weight to Overweight and set a new price target of $45.00
Barclays upgraded Verizon from Equal Weight to Overweight and set a new price target of $38.00 from $37.00 previously
Citigroup upgraded Verizon from Neutral to Buy and set a new price target of $40.00 from $39.00 previously
Goldman Sachs analyst James Schneider reiterated a Buy rating on AT&T Inc (NYSE:T) with a price target of $22. AT&T reported fiscal 2024 second-quarter revenue of $29.8 billion — just below Goldman Sachs’s and the Stret’s estimate of $30 billion. Adjusted EBITDA of $11.34 billion was in line with Goldman Sachs’s estimate of $11.37 billion and the Street’s estimate of $11.31 billion. Free cash flow of $4.6 billion was above Goldman Sachs’s estimate at $4.3 billion and the Street at $4.3 billion on lower capital investment. Wireless service revenue of $16.3 billion was in line with Goldman Sachs’s estimate at $16.2 billion, and the Street at $16.2 billion. Postpaid phone ne
AT&T Inc (NYSE:T) reported fiscal second-quarter 2024 operating revenues of $29.8 billion, down 0.4% year over year and missing the analyst consensus estimate of $29.9 billion. Adjusted EPS of $0.57 is in line with the analyst consensus estimate. The stock price gained after the print. Also Read: AT&T and Snowflake Hit by Cyberattack, Millions of Customers Affected In the Mobility segment, AT&T clocked 997 thousand wireless net adds, including 419 thousand postpaid phone net adds, beating analyst estimates of 279 thousand, Bloomberg reports. Verizon Communications Inc (NYSE:VZ) reported postpaid phone net additions of 148 thousand, surpassing forecasts of 118 thousand for the qua
AST SpaceMobile, Inc. (NASDAQ:ASTS) is experiencing movement in its stock price Tuesday. Here’s what you need to know. What To Know: The session volume stands at 6.772 million shares, significantly higher than the stock’s 100-day average volume of 11.084 million shares. What Else: Earlier this month, Chairman and CEO Abel Avellan published a letter to partners, shareholder and future users of the company’s space-based cellular broadband network. The key highlight of the letter is AST SpaceMobile’s strategic partnership with Verizon Communications Inc. (NYSE:VZ), building on its existing agreement with AT&T Inc. (NYSE:T). AST SpaceMobile plans to deploy the largest commercial communi
Shares of Verizon Communications Inc. (NYSE:VZ) were under pressure in early trading on Tuesday, after declining more than 6% following the company's second-quarter results. The results came amid an exciting earnings season. Here are some key analyst takeaways. RBC Capital Markets analyst Jonathan Atkin reiterated a Sector Perform rating and price target of $42. KeyBanc Capital Markets analyst Brandon Nispel maintained an Overweight rating and price target of $46. Check out other analyst stock ratings. RBC Capital Markets: Verizon reported its quarterly revenues and EBITDA broadly in-line with consensus, Atkin said in a note. FCF delivered a beat on the timing of capex. Whil
TD Cowen analyst Dan Brennan maintains Verizon Communications (NYSE:VZ) with a Buy and raises the price target from $48 to $51.
During the last three months, 4 analysts shared their evaluations of Verizon Communications (NYSE:VZ), revealing diverse outlooks from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 3 0 0 Last 30D 0 0 2 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 1 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $46.38, a high estimate of $52.00, and a low estimate of $42.00. This current average has increased
JP Morgan analyst Philip Cusick maintains Verizon Communications (NYSE:VZ) with a Neutral and lowers the price target from $46 to $45.
RBC Capital analyst Jonathan Atkin reiterates Verizon Communications (NYSE:VZ) with a Sector Perform and maintains $42 price target.
The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, with the index moving to the “Greed” zone on Monday. U.S. stocks closed higher on Monday, with the S&P 500 recording its best day since June 5. The S&P 500 rose 1.08% at 5,564.41, while the Nasdaq Composite climbed 1.58% at 18,007.57 during Monday's session. The Dow Jones closed higher by around 128 points to 40,415.44. President Joe Biden, on Sunday, dropped his bid for a second term in the White House. NVIDIA Corp (NASDAQ:NVDA) shares gained 4.8% on Monday, after dipping 8% last week. Crowdstrike Holdings Inc (NASDAQ:CRWD) was the worst performer in the S&P 500, dipping around 13.5% on Monday
Major U.S. indices closed higher on Monday, with the Dow Jones Industrial Average increasing by 0.3% to 40,415.44, the S&P 500 advancing 1.1% to 5,564.41, and the Nasdaq climbing 1.6% to 18,007.57. These are the top stocks that gained the attention of retail traders and investors throughout the day: Nvidia Corp. (NASDAQ:NVDA) Nvidia’s shares rose by 4.76% to close at $123.54. The company is reportedly developing a new AI chip, provisionally named “B20”, designed to comply with U.S. export controls for the Chinese market. This move comes in response to Washington’s decision to tighten its controls on semiconductor exports to China in 2023. CrowdStrike Holdings Inc (NASDAQ:CRWD)