Verizon Communications Inc. (NYSE:VZ) Faces Challenges Amidst Optimistic Price Target

Goldman Sachs analyst Michael Ng sets a price target of $49 for Verizon Communications Inc. (NYSE:VZ), indicating a potential increase of 10.78% from its current price. Verizon experiences significant service outages affecting thousands of customers due to a "software issue." The company's stock shows some volatility with a year high of $47.36 and a low of $37.59, amidst a market capitalization of approximately $186.49 billion.

Verizon Communications Inc. (NYSE:VZ) is a major player in the telecommunications industry, providing wireless services to millions of customers across the United States. The company competes with other telecom giants like AT&T and T-Mobile. On September 2, 2025, Michael Ng from Goldman Sachs set a price target of $49 for Verizon, suggesting a potential increase of 10.78% from its current price of $44.23.

Despite this optimistic outlook, Verizon recently faced a significant challenge. Thousands of customers experienced service outages due to a "software issue" affecting wireless services. The company acknowledged the problem and is actively working to resolve it. This incident led to a spike in reports on Downdetector, with over 23,600 users affected by Saturday evening.

Verizon's stock is currently priced at $44.23, with a recent change of $0.30, reflecting a 0.68% increase. During the trading day, the stock fluctuated between $43.93 and $44.29. Over the past year, Verizon's stock has seen a high of $47.36 and a low of $37.59, indicating some volatility in its performance.

The company has a substantial market capitalization of approximately $186.49 billion, highlighting its significant presence in the market. Today's trading volume for Verizon stands at 11,001,163 shares on the New York Stock Exchange, showing active investor interest despite the recent service disruptions.