Verizon Communications Inc. (NYSE:VZ) is among them 15 Best Profitable Leaders to Buy Right Now.
Ken Walter / Shutterstock.com
On March 11, Oppenheimer in Verizon Communications Inc. (NYSE:VZ) raised their price target to $56 from $50. It reiterated the outperformance rating on the stock. The company said its channel checks suggest that Verizon’s customer segment continues to grow. Analysts also pointed to a strong outlook around the company’s planned $5 billion in cost cuts. Part of this savings is expected to come from a 10% reduction in headcount and lower capital costs.
Asset rationalization represents another significant area of savings, estimated at around $500 million. The company also noted an expected reduction in costs from third-party vendors and outsourced contractors. Oppenheimer said additional cost-cutting and financing opportunities could be added if Verizon enlists DOX to modernize its OSS/BSS systems.
Verizon Communications Inc. (NYSE:VZ) is a holding company. Through its subsidiaries, the company provides communications, technology, information, and streaming products and services to consumers, businesses, and government agencies.
While we recognize VZ’s potential as an investment, we believe some AI stocks offer higher potential and lower risk. If you’re looking for the most undervalued AI stocks that stand to benefit significantly from Trump-era tariffs and the offshore trend, check out our free report Best short-term AI stocks.
Read more: 40 Most Popular Stocks Among Hedge Funds Running in 2026 and 14 Low PE High Dividend Stocks to Buy Now
Disclosure: None. Follow the inside port on Google News.
