10 Best 5G Stocks to Invest in According to Analysts

7. Vodafone Group Public Limited Company (NASDAQ:VOD)

Average Price Target Upside Potential According to Analysts: 24.18%

Number of Hedge Fund Holders: 23

Vodafone Group Public Limited Company (NASDAQ:VOD) is a British multinational telecommunications company that provides mobile and fixed services in 15 countries and partners with mobile networks in 45 more countries around the world. Vodafone Group Public Limited Company (NASDAQ:VOD) first launched 5G in the UK in July 2019. The company offers 5G in a number of countries, including Italy, Spain, Germany, and Ireland. It is actively looking to launch 5G in more countries and growing its commercial 5G services business.

The company is focused on innovation and enhancing its services. Vodafone Group Public Limited Company (NASDAQ:VOD) is rolling out 5G Standalone technology, known as 5G Ultra. This technology does not rely on 4G and enhances network capabilities beyond just faster download and upload speed, such as network slicing and Mobile Private Networks (MPNs) and lower latency. Network slicing allows the use of the 5G network for a specific use by specific customers such as a business or public body. For instance, network slicing can be used to establish 5G Mobile Private Networks (MPNs) for industrial and manufacturing purposes.

Additionally, Vodafone Group Public Limited Company’s (NASDAQ:VOD) business strategy also includes partnerships and mergers. In December 2024, the company’s proposed merger with Three in the UK was approved by the Competition and Markets Authority. This historic move will create one of Europe’s most advanced 5G networks. Vodafone Group Public Limited Company (NASDAQ:VOD) and Three have committed to invest £11 billion to transform the UK’s telecoms landscape. The new network will reach over 50 million customers and offer much better quality, more reliability, and improved capacity for handling ever-increasing data demand. The merger is expected to be finalized during the first half of 2025. Vodafone Group Public Limited Company (NASDAQ:VOD) will own 51% of the equity after three years, the company will have the option to acquire the remaining 49% stake from Hutchison, subject to certain conditions.