Verizon Stock Forecast (2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030) | Verizon Communications Fundamentals, Financial, Businesses and more
If you are looking for Verizon Stock Forecast or its Stock Analysis, then you are at the right place.
In this post we are going to do detail analysis of Verizon Communications Stock in which we will know about its businesses, Fundamentals, Future Plans etc. Along with this we will also try to do Verizon Stock Forecast.
Hey friends, I am Sachin an author of this blog and Stock Analyst. So before predicting the stock price of Verizon, we will firstly try to understand about the businesses of the company. So stay tuned till the end of this post, let’s get started.
About Verizon Communications Inc.
Verizon Communications Inc. is a well-known American telecommunications company based in the city of New York. They have been around since 1983 and are a major player in the world of communication technology. You might have heard of Verizon Communications because they offer a wide range of services like wireless communication, internet, and TV solutions etc.
One of the best things is the large wireless network that covers huge part of the US in terms of providing speedy internet and reliable wireless services to millions of people. What is really cool about Verizon Communication company is that they are always on the cutting edge of technology. They’re the ones making 5G wireless networks and Internet of Things (IoT) solutions possible. So, they’re helping us stay connected and making our lives easier with these innovations.
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Verizon Fundamentals
| Market Cap. | $142.80 B |
| P/E ratio | 6.6 |
| ROE | 24.20% |
| EPS | 5.15 |
| Dividend Yield | 8.09% |
| Book Value | 22.08 |
| Debt To Equity | 1.49 |
Verizon Financial Trends
If we talk about the Revenue and Profit of Verizon Communications then –
There was a revenue of $128,292 Million in 2021 and a profit of $17,801 Million . In the same 2022, there was a profit of $22,065 Million with a revenue of $133,613 Million. And this year i.e. in 2023 there has been a profit of $21,256 Million with a revenue of $136,835 Million.
Verizon Stock Forecast Table
| Year | Minimum Price | Maximum Price |
|---|---|---|
| Verizon Stock Forecast 2023 | $35 | $36 |
| Verizon Stock Forecast 2024 | $39 | $41 |
| Verizon Stock Forecast 2025 | $47 | $50 |
| Verizon Stock Forecast 2026 | $58 | $62 |
| Verizon Stock Forecast 2027 | $70 | $75 |
| Verizon Stock Forecast 2028 | $84 | $90 |
| Verizon Stock Forecast 2029 | $100 | $108 |
| Verizon Stock Forecast 2030 | $120 | $130 |
For more detail analysis of Verizon Stock and its stock price target, you can watch this video –
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Verizon Stock Forecast 2023
This stock has been falling continuously for a few years due to which its returns are very poor. In last 6 months Verizon has given a returns of -15.11% while in last 1 year, it has given a returns of -29%. It is being feared that this year too there may be a good fall in the stock. But our analysis shows that, Verizon Stock Forecast 2023 can be $35 and maximum price can be $36. But keep in mind that this stock is currently Bearish, due to which there are many chances of loss.
Verizon Stock Forecast 2024
There is a possibility of getting almost decent returns in 2024. Stock analysts are forecasting that in 2024 it can be seen giving investors returns of around 24%. According to this, Verizon Stock Forecast 2024 will be $39 maximum stock price can go upto $41.
Verizon Stock Forecast 2025
If you look at the fundamentals of the company, it is very good. Its P/E ratio is 6.6 which means you have to invest $6.6 to get $1 return from this stock, according to it fundamental. Its ROE and EPS are also very good and it also gives very good dividend which is 8.09%. But I did not like one thing that the company has a lot of debt and its debt to equity ratio is 1.49.
Due to its good fundamentals, it can be a good investment for a short period of time. The same investors are also getting a very good dividend due to which they would not want to sell it. Considering these, Verizon Stock Forecast 2025 will be $47 and maximum price can goes upto $50.
Verizon Stock Forecast 2030
If the financial of the company is good then it can survive very well in the long term. We are seeing something similar in the financials of this company as well because its profits are growing very well. Therefore, Verizon Stock Forecast 2030 can be $120 and maximum price can be $130.
Where will Verizon stock be in 5 years
Due to the good fundamentals and financial conditions of the company, we will definitely see good growth in the stock. But due to its high debt, it is a matter of concern somewhere, Due to which we will see a slight fall in the stock.
If we talk about, Where will Verizon stock be in 5 years, the stock price can be seen trading around $84 to $90. If seen in percentage, it can be seen giving returns of about 154% to 172%.
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Conclusion
The price prediction of Verizon Communications that is being told on the basis of technical analysis and its technical time keeps on changing from time to time. That’s why this price forecast of Verizon Communications is not accurate, if you invest in it, do it on the basis of your research and never invest due to greed.
I have written this post i.e. Verizon Forecast 2023, 2024, 2025, 2026, 2030 on the request of you guys, so if you also want to know about any other stock, then you can comment. We will definitely discuss about that in the upcoming post. If you have any questions regarding this than you can comment below, we will definitely try to reply you best.
FAQs
Why is Verizon stock dropping?
The biggest reason for the fall in Verizon Communications stock could be that it is not able to reduce its debt. Due to this, its fundamentals are getting badly affected due to which investors are withdrawing their money from this investment.
What is the Verizon Stock Forecast for 2023
According to our forecast, Verizon stock price in 2023 can be around $35 – $36.
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