5 Stocks Receiving a Massive Vote of Approval From Wall Street Analysts

In this article, we discuss the 5 stocks receiving a massive vote of approval from Wall Street analysts. If you want to see more such stocks on the list, go directly to 10 Stocks Receiving a Massive Vote of Approval From Wall Street Analysts.

05. Verizon Communications Inc. (NYSE:VZ)

Price Reaction after the Upgrade: +1.14 (+3.40%)

On August 29, Citigroup elevated its perspective on Verizon Communications Inc. (NYSE:VZ), citing its capability to sustain its nearly 8% dividend yield. This upgrade comes as Citigroup raises its rating from Neutral to Buy. The current trading price for Verizon Communications Inc. (NYSE:VZ) is $34.69, reflecting a substantial increase of 3.4%. In line with this shift, Citigroup has adjusted its price target from $39 to $40. The change in both assessment and price target underscores Citigroup’s evolving perspective on Verizon Communications Inc. (NYSE:VZ) potential. With the endorsement of a higher rating and the belief that Verizon Communications Inc. (NYSE:VZ) can maintain its dividend yield, this development could attract attention from investors looking for compelling opportunities in the market.

The London Company Large Cap Strategy made the following comment about Verizon Communications Inc. (NYSE:VZ) in its second quarter 2023 investor letter:

“Exited: Verizon Communications Inc. (NYSE:VZ) Sale reflects heightened competitive activity from both AT&T and T-Mobile. While VZ has the highest quality network, we are concerned that competitors’ focus on market share gains could continue to negatively affect VZ’s business.”