Key Stats for Verizon Stock
- Past-Week Performance: +1.8%
- 52-Week Range: $38.4 to $51.1
- Current Price: $50.9
What Happened?
Verizon Communications (VZ) posted its best postpaid phone net adds in six years during Q4, adding 616,000 subscribers while simultaneously cutting costs and closing the $20 billion Frontier acquisition, trading near its 52-week high of $51.10 at $50.87.
CEO Dan Schulman told the Morgan Stanley TMT Conference on March 2 that the industry is acting rationally and Verizon is executing responsibly in Q1, reinforcing 2026 guidance targeting 750,000 to 1 million postpaid phone net adds, 2x to 3x the 2025 total.
Full year 2025 free cash flow reached $20.1 billion, and Verizon now guides to $21.5 billion or more in 2026, representing 7%-plus growth and the highest free cash flow generation since 2020.
Dan Schulman, CEO, stated on the Q4 earnings call that “every single basis point is 90,000 net adds,” tying directly to his stated goal of reducing churn by at least 5 basis points in 2026, which alone would deliver half the postpaid net add target.
Meanwhile, the Board authorized a $25 billion share repurchase program over three years, with at least $3 billion committed in 2026, layered on top of the 20th consecutive annual dividend increase announced January 30.
Over the next three to five years, Verizon’s convergence strategy across 30 million fiber passings, with a medium-term target of 40 million to 50 million, positions the company to structurally compress churn and compound broadband and wireless revenue simultaneously.
Wall Street’s Take on VZ Stock
That Q4 momentum directly supports 2026 estimates, with revenue expected to grow 4.2% to $144 billion and EBITDA expanding 6.1% to $53.1 billion, marking the strongest margin trajectory in four years.
The numbers reinforce the bull case: EPS estimates climb to $4.91 in 2026, a 4.3% gain, while EBITDA margins expand to 36.8%, the highest level since 2021.
Wall Street carries 8 buys, 2 outperforms, and 15 holds as of March 3, with a mean price target of $49.80 implying the stock already trades roughly 2.1% above consensus, yet the high target of $71.00 signals significant upside believers remain.
The target spread from $42.00 to $71.00 captures exactly the debate: bears anchor to flat wireless service revenue in 2026, while bulls price in convergence-driven churn reduction and the full Frontier cross-sell opportunity materializing ahead of schedule.
What Does the Valuation Model Say?
The valuation model sets a mid-case target of $68.38, implying 34.4% total return over 4.8 years at a 6.3% IRR, a gap the market has yet to close despite the stock touching its 52-week high.
The market still prices Verizon as a declining share story, yet management delivered the best postpaid net adds in six years in Q4.
The $25 billion buyback authorization, which shrinks the float while free cash flow grows to $21.5 billion, makes the mispricing increasingly difficult to justify.
Schulman’s explicit 5-basis-point churn reduction target, worth 450,000 net adds on its own, signals this is a fundamentals recovery, not financial engineering.
The clearest risk is that $110.1 billion in net unsecured debt leaves little margin for error if the 2026 revenue transition year extends into 2027.
The launch of Verizon’s new consumer value proposition, targeted for the first half of 2026, will be the first real test of whether churn actually turns.
Verizon is a turnaround in motion, and the convergence payoff from 30 million fiber passings is the number to watch.
Should You Invest in Verizon Communications Inc.?
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