Verizon Frontline delivering 5G connectivity to New York State Police cruisers

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Tigress Financial Partners Reiterates Buy Rating on Verizon Communications (VZ)

January 30, 2025 1:05 PM EST

Tigress Financial Partners analyst Ivan Feinseth reiterated a Buy rating and $55.00 price target on Verizon Communications (NYSE: VZ)

The analyst comments "We reiterate our Buy rating on VZ and maintain our 12-month target price of $55 as a re-acceleration of mobile and broadband subscriber growth is driving growth in revenue and cash flow along with opportunities in AI driving mobile edge computing and its above-average dividend yield, which continue to create a compelling investment opportunity. VZ is experiencing a turn in Business Performance trends with strong mobile and broadband subscriber growth. VZ reported 1 million... More