Street View: Verizon's ground game strengthens, but Starlink stays in the conversation

Space Exploration Technologies

27/10/2026 08:13

** Verizon VZ.N lifted its annual wireless subscriber growth outlook on Monday, buoyed by the strong uptake of its simplified plans
** It also unveiled an AI infrastructure deal worth more than $2 billion with Amazon Web Services
** Median PT of 64 brokerages covering the stock is $326 - LSEG-compiled data
     
STARLINK'S CURVEBALL
** Morgan Stanley ("equal weight," PT: $50) says VZ's strategic transformation remains a work in progress, while concerns over higher interest rates and potential competition from Starlink and AI-related pricing pressure continue to weigh on sentiment
** MoffettNathanson ("neutral," PT: $50) says SpaceX risk remains more of a sentiment overhang than an earnings threat for now, but the challenge is that it is difficult to predict how long such concerns will persist
** Scotiabank ("sector outperform," PT: $50) believes a well-capitalized new entrant like SpaceX would have to compete aggressively on price to gain share, potentially pressuring industry pricing power and valuations ahead of a market entry
** TD Cowen ("buy," PT: $55) says VZ's simplicity offer is gaining traction, while its fiber convergence strategy strengthens its position against potential competition from Starlink
     
     

 (Reporting by Kanishka Ajmera in Bengaluru)
 ((Kanishka.Ajmera@thomsonreuters.com))