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7 October 2022 | Other

Oppenheimer upgraded Verizon

On Thursday, the stock of Verizon Communications was upgraded to “outperform” by Oppenheimer. A target price per share was $50.

According to the analysts’ announcement, Oppenheimer notes the Verizon’s potential and expects a steady and continuing growth of its client base, although these tendencies might be quite volatile.

Beside the clients base growth, the Verizon’s upgrade was built on some other factors, such as network quality improvement, effective segmentation of clients, and successful integration of a rapidly developing fixed wireless access service. This service has gained a lot of popularity, therefore, there is a positive scenario of its integration, and a negative of its quick sold out. The company’s rivals are hoping for the latter option.

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