Verizon stock price forecast: Strong upside potential as VZ surges 3.25% and charts confirm momentum

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Verizon gains 3.25% to $46.23 today

Highlights

Verizon reported Q4 adjusted EPS of $1.09 and revenue of $36.4 billion, both surpassing expectations, and launched a $25 billion stock buyback over three years.
The company boosted its quarterly dividend to $0.7075 per share and completed the acquisition of Frontier Communications, expanding bundled service offerings and projecting free cash flow growth.
Verizon shares surged to $46.23, trading above MA-20, MA-50, and MA-200, with strong bullish momentum and projected support at $44.00 and resistance near $48.00 for the coming week.

Earnings beat, buyback boost, and merger fuel positive sentiment

Verizon delivered a strong fourth quarter, with adjusted earnings per share of $1.09 and revenue of $36.4 billion, both beating expectations. The company announced a $25 billion stock buyback program over the next three years and increased its quarterly dividend to $0.7075 per share, enhancing shareholder returns. Verizon also completed its acquisition of Frontier Communications to expand its bundled service offerings. Free cash flow is projected to grow in the coming year, supporting both the buyback and dividend.

Overbought signals as bullish momentum meets support thresholds

Technical signals remain bullish for VZ, with the share price significantly above the MA-20, MA-50, and MA-200 levels, confirming upward momentum in the short, medium, and long term. The Ichimoku Kijun offers dynamic support near $28, while the MA-50 at $40.45 is the likely next support if a retracement occurs. On the daily chart, the MACD gives a clear buy signal and ADX is notably high, cautioning about potentially overheated conditions. Multiple indicators — RSI at 78.18, Stochastic RSI at 100.00, and CCI at 280.54 — all indicate overbought territory, and Bull/Bear Power shows persistent buyer strength. The Awesome Oscillator remains neutral.

Upside bias as VZ trades within consolidating volatility band

For the short term, typical volatility places VZ in a band between $44.00 and $48.00. The probability of additional price gains exceeds 80%, with a pullback seen as unlikely. The base case expectation is that VZ consolidates within this band, but a clear break above $48.00 could trigger further upside. Conversely, if support at $44.00 fails, a retracement toward $42.00 is possible.

Viktoras Karapetjanc, analyst at Traders Union, highlights Verizon’s strong financial and fundamental backdrop. He observes that robust earnings, an expanded buyback, and increased dividends have boosted confidence and attracted positive sentiment. Upward momentum is visible across technical and sentiment signals. Macro conditions and company initiatives align to support further gains. "Given the strong fundamentals and prevailing bullish sentiment, I expect Verizon to consolidate with an upward bias unless support at $44.00 gives way."

Last time, analysts noted that Verizon shares were exhibiting strong short-term momentum, trading above key moving averages and nearing long-term resistance, with technical indicators showing mixed signals including overbought conditions and high volatility. Despite positive earnings and guidance, momentum indicators such as MACD and ADX suggest downside risk, with expectations for near-term consolidation and limited probability of further gains.

Source of Data: VZ Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.