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RBC Capital Raises its Price Target on Verizon Communications Inc. (VZ) to $48

Verizon Communications Inc. (NYSE:VZ) is included among the 10 Most Profitable Undervalued Stocks to Buy

On February 3, 2026, RBC Capital raised its price target on Verizon Communications Inc. (NYSE:VZ) to $48 from $44 while maintaining a Sector Perform rating. The move followed Verizon’s fourth-quarter earnings beat. RBC pointed to the company’s turnaround plan, which centers on operating and capital expenditure reductions aimed at improving free cash flow. The firm also highlighted Verizon’s focus on growing its postpaid subscriber base and its commitment to return $25 billion to shareholders through share repurchases.

On the same day, JPMorgan and Citi also raised their price targets on Verizon Communications Inc. while reiterating Buy/Overweight ratings. JPMorgan lifted its target to $49 from $47, citing stronger-than-expected postpaid phone additions in the quarter and a more favorable financial outlook for 2026. Citi raised its target to $50 from $48, pointing to signs of a more aggressive restructuring effort that could support margin improvement and earnings stability over time. Both firms highlighted improving execution and welcomed Verizon’s plan to return $25 billion to shareholders through share repurchases.

These followed Verizon’s earnings report on January 30, 2026, when the company posted fourth-quarter revenue of $36.4 billion, slightly above the $36.2 billion consensus estimate. Postpaid phone net additions totaled 616,000, up from 504,000 a year earlier and marking the strongest quarter for that metric since 2019. CEO Dan Schulman said the quarter reflected early progress in Verizon’s turnaround, citing healthier volumes, disciplined growth, and momentum exiting 2025.

Verizon Communications Inc. (NYSE:VZ) provides communications, technology, information, and entertainment services to consumers, businesses, and government customers worldwide. The company operates through two main segments, Verizon Consumer Group and Verizon Business Group, giving it exposure across both retail and enterprise markets.

While we acknowledge the potential of VZ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VZ and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 10 Most Profitable Undervalued Stocks to Buy and  12 Best Nuclear Energy Stocks to Buy Now

Disclosure: None.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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