Bernstein cuts target from USD 47 to USD 45 for Verizon Communications stock

Published on 10/20/2026 at 11:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The October 13, 2026 note cuts Bernstein's target from USD 47.00 to USD 45.00. Verizon Communications stock costs EUR 39.48 on October 20, 2026.

Earnings timing and valuation

Bernstein lowered its target from USD 47.00 to USD 45.00 on October 13, 2026.
Verizon reported USD 34.25 billion in second-quarter revenue, down 0.70 percent year over year.
Verizon Communications stock trades at EUR 39.48 at 11:33 a.m. CEST at Lang & Schwarz on October 20, 2026.

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Bernstein cut its target for Verizon Communications stock from USD 47.00 to USD 45.00 on October 13, 2026, as reported by MarketScreener. The adjustment arrives before Verizon's third-quarter results on October 26, 2026.

Three recent Verizon milestones

On July 24, 2026, Verizon reported second-quarter revenue of USD 34.25 billion, down 0.70 percent from the same quarter a year earlier, while adjusted earnings per share reached USD 1.30 versus a USD 1.27 consensus estimate, according to MarketBeat. On October 9, 2026, Scotiabank lowered its target from USD 51.50 to USD 50.00 while keeping a Sector Outperform rating, according to Benzinga. Bernstein's October 13 cut to USD 45.00 is the latest of the three dated developments.

What does the target cut imply?

The USD 2.00 reduction places Bernstein's target below the USD 49.00 average consensus target shown by Benzinga on October 17, 2026, while the same overview listed 17 analysts, including nine Buy and eight Hold ratings. Verizon's market capitalization stood at USD 183.4 billion on October 19, 2026, and its 52-week range was USD 38.39 to USD 51.68.

Two dates shape the next week

Verizon's investor calendar schedules third-quarter earnings for October 26, 2026, at 8:30 a.m. ET, according to the Verizon investor page. The company also set November 2, 2026, as the payment date for its USD 0.7075 quarterly dividend, according to MarketBeat.

Stock price before earnings

Verizon's upcoming report will test whether its second-quarter revenue trend and earnings performance can support a valuation above Bernstein's reduced USD 45.00 target. The stock's USD 38.39 52-week low and USD 51.68 high frame a wide valuation range ahead of the release.

Verizon was trading at EUR 39.48 at Lang & Schwarz on October 20, 2026 at 11:33 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Verizon Communications stock.