Top 10 AI Stocks News: Latest Analyst Ratings And Upgrades

2. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 57

Verizon Communications Inc. (NYSE:VZ) is a global telecommunications leader that offers wireless and wireline communication products and services like corporate networking services, data center and cloud services, broadband services, security and management network solutions, as well as local and long-distance voice services. The company strives to build its AI ecosystem via multiple partnerships and product launches. The company recently launched Verizon AI Connect for hyperscalers, cloud providers, and global enterprises to deploy AI resource-intensive workloads at scale. Earlier, Verizon Communications Inc. (NYSE:VZ) also announced a partnership with Nvidia Corp. (NASDAQ:NVDA) to transform the integration of GPU-based edge platforms with the telco’s 5G private networks.

However, Bernstein marginally trimmed Verizon Communications Inc.’s (NYSE:VZ) price target to $46 from $48 on January 27th while retaining a “Market Perform” stock rating. The brokerage wrote that the telco ended 2024 with robust postpaid and FWA net adds growth, driven by a strong Q4 as the management guides to a more solid 2025.