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In a report published on Friday, Goldman Sachs analyst Jason Armstrong raised the price target on Verizon (NYSE: VZ) from $54 to $57 and maintained a Buy rating.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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In the report, Goldman Sachs stated, "We expect Verizon to report peer-leading growth and profitability metrics once again this quarter, despite a competitive resurgence from T-Mobile and greater activity from AT&T. We forecast postpaid net adds of +902K (above consensus of +840K), and service revenue growth of +8.4% yoy."
Verizon closed on Friday at $51.13.