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VZ

Verizon Communications Inc

NYSE: VZ · COMMUNICATION SERVICES · TELECOM SERVICES

$48.03
+3.05% today

Updated 2026-04-29

Market cap
$193.87B
P/E ratio
11.42
P/S ratio
1.40x
EPS (TTM)
$4.06
Dividend yield
5.79%
52W range
$37 – $51
Volume
26.7M

Verizon Communications Inc (VZ) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$48.03
Consensus
$50,160.00
+104334.73%
2030 Target
$464.36
+866.81%
DCF
$44.72
-4.27% MoS
16 analysts:
8 Buy8 Hold0 Sell

Management guidance

No specific CEO revenue targets found in available data. Management has emphasized continued progress in 5G network deployment and broadband expansion, with recent results showing 'best quarter in 15 years' momentum. Guidance remains qualitative rather than quantitative for 2026-2030 period.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$770.64
$162.5B Rev × 20x P/S
Base case (2030)
$464.36
$162.5B Rev × 12x P/S
Bear case (2030)
$306.28
$162.5B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$134.0B$134.8B$138.2B$148.5B$151.3B$154.9B$158.7B$162.5B
Revenue growth0.6%2.5%7.5%1.9%2.4%2.4%2.5%
EPS$4.71$4.67$4.67$5.07$5.42$5.72$6.05$6.38
P/S ratio12.0x12.0x12.0x12.0x12.0x
Implied price$424.84$429.78$439.66$449.54$464.36

Catalysts & risks

Growth catalysts
+ 5G network monetization and broadband expansion driving service revenue growth
+ Recent regulatory victory (T-Mobile false advertising injunction) protecting market position
+ Dividend increase to $0.7075/quarter signaling confidence in cash generation
+ AI infrastructure and data center opportunities from major tech customer spending
+ Network infrastructure expansion supporting fiber-to-home deployments
Key risks
- Intensifying wireless price competition from T-Mobile and AT&T
- Slower-than-expected broadband subscriber growth and market saturation
- Capital intensity of 5G/fiber buildout pressuring free cash flow and dividend sustainability
- Regulatory scrutiny on pricing and potential antitrust challenges
- Economic recession reducing consumer wireless/broadband spending

Methodology

Verizon Communications Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 16 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.