Verizon's turnaround progress boosts shareholder value, with potential for stock to reach new highs.

From Investing.com: 2025-01-27 11:08:00

Verizon’s turnaround is showing progress, boosting shareholder value with a strong focus on building a top 5G network in North America. Cash flow has improved, enhancing the balance sheet and allowing for reinvestment and dividends. In Q4 of 2024, Verizon reported a revenue increase of 1.7% YoY, surpassing expectations, driven by growth in equipment and services. The company also saw a 26% YoY increase in total subscribers, with FIOS gaining market share. Verizon’s strong guidance for 2025 has analysts predicting an 18% upside, with potential for the stock to reach high-end targets of $50 to $55 by year’s end.



Read more at Investing.com: Verizon Turnaround Gains Traction, But New Highs Are Likely in 2025