New Year's Resolution: Buy This Artificial Intelligence (AI) Stock Hand Over Fist
Investors will likely remember 2023 as the year artificial intelligence (AI) found footing in the market. With the excitement generated by ChatGPT, investors have rushed into many prominent AI stocks.
Such price action may persuade investors to make a New Year's resolution to buy a specific stock. Verizon (NYSE: VZ) is one to consider. Investors hammered it as debt costs and growth struggles weighed on the telecom stock. Nonetheless, thanks to a critical piece of news, this stock is likely to surge higher in the new year for one key reason.
Admittedly, after years of declines, one can understand some hesitation to buy Verizon. The stock has fallen 35% over the last five years as slow customer growth, competition from T-Mobile and AT, and the massive capital costs in a nearly continuous process of network upgrades weighed on the company.
Source Fool.com
Verizon Communications Inc. Stock
With 22 Buy predictions and 1 Sell predictions Verizon Communications Inc. is one of the favorites of our community.
As a result the target price of 40 € shows a slightly positive potential of 7.96% compared to the current price of 37.05 € for Verizon Communications Inc..
