Verizon Receives a Vote of Confidence as Goldman Sachs Raises Price Target

2 hours ago 2

Joel South

Wed, March 25, 2026 astatine 11:42 AM CDT 4 min read

Verizon (VZ) generated $19.8B successful escaped currency travel successful FY2024 and posted $611M successful Fixed Wireless Access gross successful Q4 2024 (51.6% year-over-year growth) with 4.6 cardinal subscribers, portion Goldman Sachs raised its terms people to $55 from $50, supra the Street statement of $50.76. The quarterly dividend was raised to $0.7075 per stock with a 5.7% annualized yield.
Verizon’s displacement to reporting holistic metrics similar EBITDA and escaped currency travel starting successful Q1 2026, combined with Frontier acquisition integration and AI enablement, positions the institution to grow margins and prolong dividend maturation that supports semipermanent shareholder returns.
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Verizon Communications (NYSE:VZ) has been connected a meaningful run, with shares up 2.78% implicit the past period and up astir 25% year-to-date. The banal is pushing towards its 52-week precocious of $51.68, which it acceptable earlier successful March. Shares are presently trading astir $50.60.

Most Wall Street analysts are clustering astir a statement people of $50.76, with the bulk standing the banal a Hold. Goldman Sachs expert Michael Ng conscionable raised his terms people to $55 from $50, maintaining a Buy rating, implying meaningful upside from the existent terms of $50.91 and sitting supra the Street consensus. Can VZ realistically scope $55 by extremity of 2026?

Ng's upgrade centers connected a structural displacement successful however Verizon volition study its concern starting successful Q1 2026. The institution is altering subscriber-level disclosures to stress holistic KPIs similar EBITDA, escaped currency flow, and lawsuit accounts amid slowing postpaid telephone growth. That reframing matters: Verizon generated $19.822 cardinal successful escaped currency travel successful FY2024, and its EBITDA stands astatine astir $50 billion. For income-oriented investors, these are the metrics that prolong the dividend and enactment semipermanent compounding.

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Fixed Wireless Access growth: FWA gross surged 51.6% year-over-year to $611 cardinal successful Q4 2024, with the subscriber basal astatine astir 4.6 million. Verizon is targeting 8 to 9 cardinal FWA subscribers by 2028, positioning broadband arsenic a durable compounding engine.
Dividend reliability and growth: The quarterly dividend was raised to $0.7075 per share, with an annualized output of 5.7%. Verizon has maintained a accordant dividend maturation way record, supporting income-focused strategies.
Frontier acquisition and fibre convergence: The pending Frontier deal, combined with AI enablement and caller outer partnerships, is designed to grow web scope and support margins. CEO Hans Vestberg stated, "It's lone going to get amended this twelvemonth and beyond, arsenic we person continued to fortify Verizon with the pending Frontier acquisition, caller outer partnerships, and ongoing AI enablement, which we expect volition heighten and broaden our web for everybody we serve."