Verizon Sees Strong Subscriber Growth in May, Citi Reaffirms Buy

Verizon Communications Inc. (NYSE:VZ) is on our list of the 10 best 5G stocks to invest in according to analysts. With a price target of $48 on June 3, Citi analysts maintained their Buy rating for Verizon Communications Inc. (NYSE:VZ). The decision comes after the Verizon model was updated to include new data from the company’s 10-Q filing and subsequent management remarks.

In contrast to earlier predictions of a slowdown, Verizon Communications Inc. (NYSE:VZ) management emphasized an ongoing streak of double-digit consumer gross add growth into May. Price actions from each of the national carriers, higher promotions, and possible value shopping by customers are all factors contributing to the increased activity in the switcher pool, which has resulted in incremental churn.

That said, the analysts’ prediction for net additions and losses is not impacted by these circumstances. The report also pointed out that Verizon Communications Inc. (NYSE:VZ) and a few other market competitors are currently retreating from buyout offers, which have been erratic in the market.

Verizon Communications Inc. (NYSE:VZ) is a leading provider of technology, entertainment, and communication services worldwide. The company offers a range of services through its operational divisions, such as digital TV, high-speed internet, and 5G and 4G wireless connectivity.

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 More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

Disclosure: None.