Vz stock forecast among Wall Street strategists remains

VZ stock forecast among Wall Street strategists remains supportive, driven by solid free cash flow projections near $18 billion in FY2024, sustaining dividend policies. Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. Verizon falls short of our quality standards. With its shares trailing the market in recent months, the stock trades at 9.4× forward P/E (or $44.31 per share). While this valuation is optically cheap, the potential downside is huge given its shaky fundamentals. There are superior stocks to buy right now. We’d recommend looking at one of Charlie Munger’s all-time favorite businesses . The latest VZ stock forecast adjusts upward following lower churn rates in postpaid plans, which could bolster margins through year-end.