Verizon Price Target Raised to $48, Funds Boost Stakes by Up to 36.6%
RBC Capital lifted Verizon’s price target to $48 from $44 after Q4 revenue of $36.4 billion and 616,000 postpaid net additions, noting its plan to cut expenses and return $25 billion via share repurchases. Smartleaf boosted its stake 36.6% to 59,191 shares and Oppenheimer grew holdings 2.6% to 630,038 shares.
1. Price Target Upgrades
RBC Capital raised its price target on Verizon to $48 from $44 while maintaining a Sector Perform rating, citing improved free cash flow prospects. On the same day, JPMorgan boosted its target to $49 and Citi lifted theirs to $50, highlighting stronger subscriber trends and restructuring benefits.
2. Fourth-Quarter Performance
Verizon posted Q4 revenue of $36.4 billion, above the $36.2 billion consensus, and reported 616,000 postpaid phone net additions—the highest quarterly total since 2019. Management emphasized operating and capital expenditure reductions as key to the early turnaround and enhanced cash generation.
3. Institutional Stake Increases
Smartleaf Asset Management raised its Verizon stake by 36.6% to 59,191 shares in the third quarter, while Oppenheimer & Co. grew its position by 2.6% to 630,038 shares. These increases reflect growing institutional confidence ahead of Verizon’s 2026 outlook.