TD Cowen Reiterates a Buy Rating on Verizon Communications (VZ) With a $50 PT

Verizon Communications Inc. (NYSE:VZ) is one of the best cheap stocks under $50 to buy now. In a report released on July 7, Michael Elias from TD Cowen maintained a Buy rating on Verizon Communications Inc. (NYSE:VZ) and set a price target of $50.00.

Verizon Communications Inc. (NYSE:VZ) reported an EPS of $1.15 in fiscal Q1 2025 compared to $1.09 in the same quarter last year. Adjusted EPS for the quarter, excluding special items, also increased, rising from $1.15 in fiscal Q1 2024 to $1.19 in fiscal Q1 2025.

Total operating revenue for the quarter rose 1.5% to $33.5 billion, while cash flow from operations rose from $7.1 billion in Q1 2024 to $7.8 billion in Q1 2025.

Verizon Communications Inc. (NYSE:VZ) also reported broadband net additions of 339,000, along with industry-leading $20.8 billion in total wireless service revenue in fiscal Q1 2025.

Verizon Communications Inc. (NYSE:VZ) provides communications, information, and entertainment services and products. Its operations are divided into the Consumer and Business segments.

The Consumer segment manages consumer-focused wireline and wireless communication products and services. In contrast, the Business segment focuses on services and products such as data, FWA broadband, video and conference services, corporate networking solutions, and more.

While we acknowledge the potential of VZ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.