Forecast Of The Day: Verizon’s Postpaid Retail Subscribers
What?
Verizon (NYSE:VZ) Postpaid Retail Subscriber base has risen from around 116 million in 2019 to about 117 million in 2020. We expect this metric to rise to 122 million in 2021 and 125 million in 2022.
Why?
- Verizon Stock Had A Tough 2022. Will Next Year Be Better?
- Will Verizon’s Postpaid Business Continue To Weigh On Its Earnings In Q3?
- Where Is Verizon Stock Headed Post A Tough Q2?
- Will Verizon Stock Trend Higher Following Its Q2 Earnings?
- How Are 5G Technology Stocks Faring?
- What’s Happening With Verizon Stock?
We expect the growth to be driven by Verizon’s strong network quality and its big 5G push.
So What?
We don’t think the projected growth is priced into Verizon stock yet. We value Verizon at about $60 per share, about 20% ahead of the current market price.
See Our Complete Analysis For Verizon
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