Freedom Broker Upgrades Verizon (VZ) to Buy

Freedom Broker analyst Lyaysyan Sedova upgraded Verizon (NYSE: VZ) from Hold to Buy with a price target of $55.00 (from $53.00).

The analyst comments "Verizon delivered a strong Q3 2026 underneath a mixed headline. It beat on earnings, subscribers and free cash flow, while revenue missed as it cut device subsidies. Management raised full-year guidance for the third consecutive quarter. We upgrade to Buy and raise our price target to $55 from $53. At initiation we rated Verizon Hold because the earnings inflection was real, but the evidence on deleveraging, service revenue and the Frontier ramp was still ahead of us. Two quarters later that evidence is largely in place, and free cash flow is strong enough to fund most of the deleveraging internally. ARPA, still down 1.9% y/y, is the one test outstanding. The Q4 return to wireless service revenue growth is the first checkpoint for the Buy case."

For an analyst ratings summary and ratings history on Verizon click here. For more ratings news on Verizon click here.

Shares of Verizon closed at $43.93 yesterday.

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