Verizon price target raised to $50 from $45 at Tigress Financial

Tigress Financial raised the firm’s price target on Verizon to $50 from $45 and keeps a Buy rating on the shares after the company reported Q4 results highlighting strong subscriber and cash flow growth. Verizon is completing a turnaround and should see further acceleration in 2024, driving a recovery in revenue and cash flow growth, says the analyst, who notes that the firm’s revised target combined with dividends represents a potential total return of close to 28% from current levels.