Forecast Of The Day: Verizon Retail Wireless Subscribers
What?
Verizon’s (NYSE:VZ) Retail Wireless Subscribers for its Consumer division rose from 94.5 million in 2020 to 115 million in 2021. Trefis expects the metric to grow to over 118 million by 2023.
Why?
- With Mid-Band 5G Gaining Momentum, What To Expect From Verizon’s Q1 Results?
- Up 8% Year To Date As 5G Gains Traction, What’s Next For Verizon Stock?
- Up 25% Over The Last Three Months, Will Verizon See Further Gains Following Q4 Results?
- Down 50% From Covid Highs, Will Verizon Stock Recover Post Q3 Results?
- Will Verizon Stock Recover To Its Pre-Inflation Shock Highs?
- Verizon Stock Has Over 60% Upside If It Recovers To Its Pre-Inflation Shock Highs
While growth over 2021 was driven by the acquisition of Tracfone, we expect Verizon’s improving 5G network to drive customer acquisition going forward.
So What?
We believe that VZ stock is undervalued. We value Verizon stock at about $64 per share, about 20% ahead of the current market price.
See Our Complete Analysis For Verizon
What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.
| Returns | Apr 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| VZ Return | 5% | 3% | 1% |
| S&P 500 Return | -3% | -8% | 96% |
| Trefis Multi-Strategy Portfolio | -2% | -9% | 257% |
[1] Month-to-date and year-to-date as of 4/13/2022
[2] Cumulative total returns since the end of 2016
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