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.
We expect the growth to be driven by Verizon’s strong network quality and its big 5G push.
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.
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