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?
- 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?
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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