Forecast Of The Day: Verizon Retail Wireless Subscribers

+7.10%
Upside
39.72
Market
42.54
Trefis
VZ: Verizon logo
VZ
Verizon

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?

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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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