Verizon Communications stock gets a lower Scotiabank target

Published on 10/03/2026 at 21:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Scotiabank reduced its Verizon target from USD 52.50 to USD 51.50 on October 2, 2026, while keeping Sector Outperform. Verizon Communications stock also faces a Q2 revenue decline.

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Verizon Communications (ISIN US92343V1044) closed at USD 45.91 on the NYSE on October 2, 2026, up 0.07 percent for the session. The immediate catalyst was a Scotiabank target cut from USD 52.50 to USD 51.50, with the brokerage retaining its Sector Outperform rating.

Scotiabank lowers its target

According to MarketBeat on October 2, 2026, Scotiabank lowered its Verizon price target to USD 51.50 from USD 52.50 and maintained a Sector Outperform rating. The new target stands 12.2 percent above the October 2 closing price, calculated from USD 45.91.

The broader analyst picture is more restrained. MarketBeat reported on October 2, 2026, that 12 of 20 firms rated the shares Hold and eight rated them Buy, producing a consensus target of USD 50.97.

EPS beat meets revenue pressure

Verizon's Q2 2026 adjusted EPS was USD 1.30, above the USD 1.27 consensus, while revenue reached USD 34.25 billion, below the USD 35.16 billion estimate and down 0.7 percent year over year, according to MarketBeat. The split between an earnings beat and weaker revenue is the central tension behind the mixed analyst stance.

The stock's October 2 session ranged from USD 45.79 to USD 46.39, with volume of 19.76 million shares. Its 52-week range was USD 38.39 to USD 51.68, placing the close 11.2 percent below the yearly high.

October earnings date is set

Verizon has scheduled its Q3 2026 earnings release for October 26, 2026, at 8:30 a.m. ET, the company said in its investor announcement. The release and webcast details are available from Verizon in a September 28, 2026 announcement.

Verizon stock stays below its yearly high

Verizon stock closed at USD 45.91 on the NYSE on October 2, 2026, with a market capitalization of USD 190.8 billion. The next major test for the investment case is the Q3 report, where revenue growth must complement the recent EPS performance.