Scotiabank cuts target for Verizon Communications stock to USD 50.00

Published on 10/26/2026 at 11:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Scotiabank cut its target to USD 50.00 on October 9, 2026. Verizon Communications stock costs EUR 40.22 on October 26, 2026 before results.

Investor milestones and valuation

Scotiabank reduced its Verizon target from USD 51.50 to USD 50.00 on October 9, 2026.
Second-quarter adjusted earnings per share reached USD 1.30, up 6.6 percent year over year.
Verizon Communications stock traded at EUR 40.22 at 11:52 a.m. CEST at Lang & Schwarz on October 26, 2026.

Verizon Communications, US92343V1044, Illustration mit AI erstellt.

Verizon Communications (ISIN US92343V1044) carries a USD 50.00 Scotiabank price target after the bank cut it from USD 51.50 on October 9, 2026, while retaining its Sector Outperform rating, according to Yahoo Finance. The company is due to report third-quarter results on October 26, 2026.

The target cut keeps valuation in view

The revised target leaves Scotiabank constructive on Verizon, but the lower figure shows that near-term upside expectations have narrowed. The stock enters the report with a clear test: whether customer growth and service revenue can offset competitive pressure in wireless pricing.

Verizon's second-quarter adjusted earnings per share rose 6.6 percent year over year to USD 1.30, while total revenue fell 0.7 percent to USD 34.3 billion. Those figures came from the company's July 24, 2026 earnings call, whose transcript was published by Yahoo Finance.

Three events shaped the stock

On April 27, 2026, Verizon reported first-quarter revenue of USD 34.4 billion, up 2.9 percent year over year, according to Invest With Attention. On July 24, 2026, second-quarter adjusted earnings per share reached USD 1.30, up 6.6 percent year over year. On October 9, 2026, Scotiabank lowered its target from USD 51.50 to USD 50.00.

What does the report need to prove?

Management's second-quarter update pointed to mobility and broadband service revenue growth of 2.8 percent and 184,000 postpaid phone net additions. The company also guided to full-year adjusted earnings-per-share growth of 6 percent to 7 percent, according to the Yahoo Finance. The third-quarter release will show whether that acceleration continued.

Next reporting date

Verizon's investor calendar lists the third-quarter 2026 earnings event for October 26, 2026, at 8:30 a.m. ET. The investor page also identifies the New York Stock Exchange and Nasdaq Global Select Market as listing venues under ticker VZ, according to Verizon.

Verizon stock price in euros

Verizon Communications stock was trading at EUR 40.22 at Lang & Schwarz on October 26, 2026 at 11:52 a.m. CEST. The quote provides the latest euro view as investors await the quarterly figures. The further course of trading is shown by the continuously updated real-time quote of Verizon Communications stock.