Verizon's stock fell sharply due to SpaceX's Starlink entering the U.S. mobile carrier market, causing its worst single-day drop since 2002. Despite the selloff and mixed recent results, Arete Research remains bullish with a $62 price target, forecasting nearly 50% upside based on strong free cash flow, subscriber growth, and low churn. The broader telecom sector also declined, but Verizon's turnaround efforts and raised earnings guidance suggest potential for recovery. Investors should watch upcoming quarterly reports and competitive pressures from Starlink closely.
Verizon Communications trades with a dividend yield of 6.79% and a market cap of $173.05 billion on Pluang as of Oct 13, 2026 00:01 WIB. The stock price is USD 42.52, up 2.09% in the last day, reflecting some recovery after recent volatility. In comparison, T-Mobile has a dividend yield of 3.15% and a market cap of $159.38 billion, with its price rising 2.89% to USD 152.88. These figures highlight Verizon's strong income appeal despite competitive pressures in the telecom sector.
Verizon's stock fell about 10% following SpaceX's acquisition of up to 14 MHz of low-band spectrum, enhancing Starlink Mobile's coverage but not fully resolving capacity constraints. Despite the drop, Verizon added 184,000 postpaid phone and 348,000 ...
On October 8, 2026, ARK Invest sold 29,048 shares of SpaceX just hours before Grain Management announced a major deal selling its 800 MHz spectrum portfolio to SpaceX. This spectrum acquisition could enable SpaceX to become a new national wireless co...
SpaceX, led by Elon Musk, has secured $8 billion worth of cellular spectrum licenses to build a terrestrial network complementing its Starlink satellite service. This move aims to fill coverage gaps using a combination of ground cell towers and satel...
Scotiabank lowered Verizon's price target from $51.50 to $50 following SpaceX's acquisition of 14 MHz of wireless spectrum in the 800 MHz band for its Starlink Mobile network. This deal intensifies competition in the U.S. telecom market, pressuring V...
Several dividend stocks like Western Union, FedEx, General Mills, Verizon, and Spectrum Brands are showing signs of potential dividend cuts despite some offering high yields. Western Union's yield is nearly 15%, but its stock has fallen significantly...
