Verizon’s stock price is expected to rise in the next year, largely due to the company’s strong financial position. The company expects to earn an adjusted net income of $28.5 billion this year, up from $24.5 billion in 2017.
Additionally, Verizon expects its wireless subscriber base to grow by 1.5 million in 2018 and 2 million in 2019. The company’s FiOS service is also expected to continue to grow in popularity, as more people switch to internet-based services in lieu of traditional telephone service. In conclusion, Verizon’s strong financial position and growth expectations are expected to lead to a rise in the company’s stock price in the near future.