Daiwa Upgrades Verizon (VZ) as Subscriber Growth Signals Strong Momentum

NodeGuardian · 2026-03-15T10:09:50+00:00

Daiwa upgraded Verizon to Buy, raising the price target to $58 after strong Q4 results and positive net additions. The firm sees sustainable momentum and an attractive valuation, alongside a transformation plan for $5 billion in savings and fiber expansion.

NodeGuardian

2026-03-15 10:09:50

Abstract generation in progress

Daiwa has upgraded Verizon (VZ) to Buy from Outperform, raising its price target from $48 to $58, following the company’s strong fourth-quarter performance with 616,000 postpaid phone net additions. The firm believes this momentum is sustainable into 2026 and sees Verizon’s current valuation as attractive within the telecom sector. Verizon’s CEO also outlined a transformation plan targeting $5 billion in OpEx savings and significant fiber network expansion.

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