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Verizon Communications Inc. (NYSE:VZ) is included among the 15 Best DRIP Stocks to Own Right Now.
On October 30, BofA analyst Michael Funk trimmed the price target on Verizon Communications Inc. (NYSE:VZ) to $45 from $49 while maintaining a Neutral rating on the stock, according to a report by The Fly. The analyst noted that the company’s recent results were “better than feared,” particularly regarding consumer postpaid phone net losses, pricing strategy to gain market share, and dividend stability. BofA adjusted its 2026 free cash flow multiple to reflect potential execution risks as Verizon moves through its restructuring phase and ramps up marketing initiatives.
In its third-quarter earnings update, CEO and Director Daniel Schulman discussed Verizon Communications Inc. (NYSE:VZ)’s shift from a technology-focused to a customer-centric growth strategy. He also outlined plans to strengthen the company’s network foundation through greater investment in cybersecurity and convergence, emphasizing the pending acquisition of Frontier, which is expected to close early next year. Verizon reaffirmed its 2025 cash flow guidance in the range of $19.5 billion to $20.5 billion and expects to generate stronger cash flows in 2026.
Verizon Communications Inc. (NYSE:VZ) is a leading global telecommunications provider, offering a broad suite of products and services to consumers, businesses, and government clients worldwide.
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: 13 Best Consistent Dividend Stocks to Buy Now and 15 Dividend Growth Stocks with the Highest Growth Rates.
Disclosure: None.
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