Last updated on December 19th, 2024 at 09:11 pm
Current Price: ₹6,600 (as per the latest data)
Verizon Communications Inc. is one of the leading telecommunications companies in the United States, offering wireless services, broadband internet, and digital TV services. Verizon has a strong market presence, and its focus on 5G technology, Internet of Things (IoT), and strategic acquisitions makes it an attractive option for long-term investors. In this article, we will analyze the Verizon Communications Inc. stock price targets from 2024 to 2040.
About Verizon Communications Inc.
Verizon Communications Inc. is a multinational telecommunications conglomerate that provides voice, data, and video services to consumers, businesses, and government agencies. Verizon’s key strengths lie in its widespread 5G network, advanced broadband services, and strong position in the wireless market.
- Founded: 1983
- Headquarters: New York City, USA
- Sector: Telecommunications
- Key Services: Wireless services, broadband internet, digital TV, and 5G services
- Market Presence: Operates primarily in North America, offering extensive 4G and 5G networks across the United States.
Company Details
- CEO: Hans Vestberg
- Market Cap: ₹23,50,000 Crore (approx.)
- Key Areas: 5G services, broadband, wireless services, and network infrastructure.
Promoter Details
Verizon is a publicly traded company, and as such, its ownership is spread across institutional investors and the general public. The company’s stock is a favorite among large institutional investors who focus on dividends and steady growth.
| Shareholder | Ownership (%) |
|---|---|
| Public & Institutional | 100% |
Verizon Communications Inc. Share Price Target 2024
Growth Drivers:
- Expansion and rollout of 5G technology, which will significantly enhance customer experiences and open new market segments.
- Continued focus on broadband and IoT services, leading to steady revenue growth.
- Acquisitions and partnerships aimed at strengthening its network infrastructure.
- Minimum Target: ₹6,800
- Maximum Target: ₹7,200
Verizon Communications Inc. Share Price Target 2025
Key Factors:
- Strong growth potential from Verizon’s 5G network and increased demand for wireless data.
- Continued investments in fiber-optic broadband services, which will boost revenue from fixed-line services.
- Expansion in IoT and cloud services, opening up new revenue streams.
- Minimum Target: ₹7,500
- Maximum Target: ₹8,000
Verizon Communications Inc. Share Price Target 2026 to 2030
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2026 | 8,500 | 9,000 |
| 2027 | 9,500 | 10,000 |
| 2028 | 10,500 | 11,000 |
| 2029 | 11,500 | 12,000 |
| 2030 | 12,500 | 13,000 |
Verizon Communications Inc. Share Price Target 2035
Verizon’s focus on expanding 5G coverage and building out its fiber-optic infrastructure is expected to drive growth in the coming decade. As a leading player in both wireless and broadband services, Verizon is poised to benefit from the continued rise in digital connectivity, particularly in urban and rural areas.
- Minimum Target: ₹15,000
- Maximum Target: ₹16,000
Verizon Communications Inc. Share Price Target 2040
By 2040, Verizon is expected to be a key player in the global telecommunications space, offering a wide range of services, including advanced 5G and 6G technologies, IoT services, and broadband offerings. Its diversified business model, combined with innovations in digital infrastructure, will ensure Verizon remains a dominant force in the industry.
- Minimum Target: ₹20,000
- Maximum Target: ₹22,000
Final Thoughts
Verizon Communications Inc. has a solid foundation with its leadership in the U.S. wireless market, strong 5G infrastructure, and expansion into broadband and IoT services. Its growth prospects remain positive, driven by digital transformation and the continued expansion of high-speed networks. For long-term investors, Verizon presents an attractive opportunity, particularly as it continues to capitalize on the increasing demand for connectivity and smart devices.
Disclaimer: Stock market investments are subject to market risks. Always conduct thorough research or consult a financial advisor before making investment decisions. Stay tuned to moneyphobia.in for more stock predictions and insights.
