Verizon Upgraded with $58 Target After 616,000 Q4 Net Adds and Golden Cross
Daiwa Capital upgraded Verizon to Buy from Outperform on February 19, boosting its price target to $58 from $48 after Q4 delivered 616,000 postpaid phone net additions, the strongest quarterly result since 2019. Verizon’s 50-day moving average crossed above its 200-day average in a golden cross, confirming bullish technical momentum after rebounding from key support levels.
1. Daiwa Upgrade and Price Target Increase
On February 19, Daiwa Capital raised its rating on Verizon Communications to Buy from Outperform, increasing its twelve-month price target to $58 from $48 and citing the company’s low valuation relative to its growth outlook.
2. Q4 Subscriber Growth Momentum
Verizon added 616,000 postpaid phone net subscriptions in Q4 2025, marking its strongest quarterly gain since 2019, and management projects that this subscriber momentum will continue into 2026.
3. Cost Savings and Operational Restructuring
CEO Daniel Schulman outlined a broad transformation plan involving workforce resizing, reduced real estate use and contract renegotiations, aiming to deliver $5 billion in in-year OpEx savings and over $1 billion in run-rate synergies by 2028 following the Frontier integration.
4. Technical Golden Cross Indicator
After rebounding from key support levels, Verizon’s 50-day simple moving average crossed above its 200-day average, forming a golden cross pattern that signals potential bullish momentum in the near term.