Key Stats for Verizon Stock
- Current Price: $47.08
- Target Price (Mid): ~$69
- Street Target: ~$52
- Potential Total Return: ~46%
- Annualized IRR: ~9% / year
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What Happened?
Verizon Communications Inc. (VZ) closed at $47.08 on Sept. 25, 8.49% below its mid-September closing peak but still up 15.6% in 2026, per TIKR. The drop began Sept. 16, the day the Federal Reserve announced its first rate hike since 2023. That session, Verizon fell 3.28%, and AT&T (T) fell 3.22%, per TradingKey.
Recaps differ on the cause: 5Gstore blamed rates, while TradingKey cited Verizon-specific factors. T-Mobile US (TMUS), already guiding to softer account growth, fell 5.6% to a one-year low on Sept. 17. That was the day SpaceX (SPCX) won FCC approval to carry Starlink Mobile traffic abroad, an international license, not a U.S. launch.
On Sept. 21, an NJ Transit crew cut a Verizon fiber line feeding an FAA backup system, grounding Newark flights. The bigger test is CEO Dan Schulman’s Sept. 9 Goldman Sachs promises, measured against Verizon’s investor relations materials.
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Schulman’s Q3 Test: Paid Lines and Growing Accounts
Schulman said, “bringing in a free line doesn’t really count as a net add. In my view, it doesn’t add to revenue growth. It’s churn waiting to happen.” He then promised: “this quarter, for the first time in at least 3 years, will be positive phone net accounts.”
Verizon ended the second quarter with 34.24 million total postpaid accounts, down 1.2% year over year, though it reported account growth over the prior 60 days. Postpaid ARPA of $168.35 fell 1.4%. Schulman said he believes per-customer revenue will grow in 2027, possibly starting in the fourth quarter.
Verizon guides to 2026 postpaid phone net additions in the upper half of 750,000 to 1 million. Schulman went further: “Clearly, we’ll be at the top end of our guidance for that.” After 239,000 in the first half, the top end implies about 761,000 in the second half, an average of roughly double the second quarter’s 184,000.
The iPhone 18 Launch Shows Where Subsidies Still Live
“You’re not going to see phones on us even with new launches,” Schulman said. Verizon’s Sept. 10 consumer offers mostly fit that line:
- Switchers get the iPhone 18 Pro on Simplicity Pro for $80 a month after discounts.
- Trade-in credits of up to $1,200 require adding a line on myPlan.
- The free Apple Watch and iPad each require a paid service line.
Verizon Business is the exception, advertising the 256GB iPhone 18 Pro “on us” for switchers with a trade-in.
Revenue Estimates Fall as Profit Estimates Rise
In the second quarter, equipment revenue fell 19.7% to $5.02 billion on lower upgrade volumes and subsidy spending, pulling total revenue down 0.7%. Since March 31, TIKR shows the NTM revenue estimate down about 1%. Over the same period, NTM EBITDA estimates rose about 4%, and NTM normalized EPS climbed to around $5.08 from around $4.92.
The stock has only kept pace. It trades at about 9x NTM earnings, near its Sept. 30, 2025, level, after swinging between about 8x and 10x this year. It also trades at 8x NTM free cash flow, versus about 11x and 10x for AT&T.
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TIKR Advanced Model Analysis
- Current Price: $47.08
- Target Price (Mid): ~$69
- Potential Total Return: ~46%
- Annualized IRR: ~9% / year
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The mid-case scenario targets around $69 by Dec. 31, 2030. That’s a price return of about 46%, or about 9% a year, before a 6.1% NTM dividend yield. Its inputs assume about 2% annual revenue growth, near the TIKR consensus for 2025 to 2030, with net income margins around 16% and a steady P/E.
Fiber net additions rose to 155,000 in the second quarter from 32,000 a year earlier, a comparison that includes Frontier, acquired Jan. 20, only in 2026. Schulman expects AI connectivity deals to produce “noticeable revenues beginning next year,” and his target of over $5 billion in run-rate operating cost savings drives the margin. A renewed subsidy fight or satellite competition is the main risk.
The Street’s 12-month mean target of around $52 comes from 8 Buy, 3 Outperform, and 15 Hold ratings, with no Underperform or Sell calls. The lowest target, $44, sits about 6.5% below the Sept. 25 close.
Conclusion
TipRanks lists the third-quarter report for Oct. 20 before the open, though Verizon has not announced a date. TIKR consensus sits at around $34.9 billion in revenue and around $1.28 in adjusted EPS.
A good print shows three things: positive postpaid phone net accounts, postpaid phone net additions well above 184,000, and mobility and broadband service revenue growth approaching the guided 3%. If accounts shrink again or phone promotions widen, the argument for buying the pullback weakens.
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Should You Invest in Verizon?
The only way to really know is to look at the numbers yourself. TIKR gives you free access to the same institutional-quality financial data that professional analysts use to answer exactly that question.
Pull up Verizon, and you’ll see years of historical financials, what Wall Street analysts expect for revenue and earnings in the quarters ahead, how valuation multiples have moved over time, and whether price targets are trending up or down.
You can build a free watchlist to track Verizon alongside every other stock on your radar. No credit card required. Just the data you need to decide for yourself.
Analyze Verizon on TIKR Free →
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
