Verizon Analyst Remains On Sidelines Despite Strong Q3 Earnings, Expanded Broadband

Verizon Communications Inc (NYSE:VZ) Monday reported strong third-quarter results. Here are some key analyst takeaways: BofA Securities analyst Michael Funk maintained a Neutral rating and price target of $48.

TD Cowen analyst Gregory Williams reiterated a Buy rating but cut the price target from $56 to $55. Check out other analyst stock ratings.

3 billion, slightly short of consensus because equipment sales fell, Funk said in a note. 8 billion, beating market expectations.

8 billion, driven primarily by lower-than-anticipated capital expenditures. 28 per share.

Verizon’s strong subscriber momentum prompted management to raise its full-year 2026 guidance, Funk said. 5% Free cash flow growth to 12% The company’s expansion of gigabit-speed Fixed Wireless Access (FWA) using millimeter wave spectrum is projected to add 10-15 million premises to its addressable broadband coverage, supplementing its existing target of 40-50 million fiber premises, the analyst said.

Despite improving volume execution and disciplined subscriber acquisition costs, Funk identified potential disruption from a new wireless competitor and promotional margin pressure as risks. 5%, reflecting the overhang from Space Exploration Technologies Corp’s (NASDAQ:SPCX) Starlink Mobile, Williams said.

94%, the analyst noted. This implies gross adds grew about 11% and that all adds are paying customers, he added.

42 at the time of publication on Tuesday.

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