Tigress Financial raised the firm’s price target on Verizon to $55 from $52 and keeps a Buy rating on the shares. The company will continue to benefit from significant 5G adoption along with increasing services revenue growth, the analyst tells investors in a research note. Verizon is also well-positioned to benefit from AI-driving mobile edge computing which, combined with its significant cash flow and above-average dividend yield, continues to create a “compelling investment”, the firm added.
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