-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
We increase our 12-month target price by $10 to $50, applying an EV/EBITDA multiple of 7.4x to our 2026 estimate, comparable to the peer average. We raise our 2026 EPS estimate by $0.03 to $4.93 and increase 2027's by $0.08 to $5.25. VZ's turnaround program is progressing and gaining momentum, powered by a comprehensive transformation program reshaping operations and customer service. The transformation is credited with delivering a strong quarter across core operating metrics, translating performance into solid operational and financial outcomes not seen in over a decade. This feat is impressive given this is Dan Schulman's first full quarter as CEO. As a result of turnaround progress, Verizon raised its guidance for adjusted EPS growth and postpaid phone net adds for 2026. We note that there are still some areas that need to be worked on. Consumer postpaid phone net losses were 35k, despite overall positive net adds, indicating ongoing challenges in the consumer segment.