Verizon and Micron may surpass AT&T's market cap

Analysts predict that Verizon and Micron Technologies may surpass AT&T's market value by 2027. Currently, AT&T's stock price has risen nearly 50% over two years, with continued growth expected in its 5G and fiber services. Analysts estimate AT&T's earnings per share (EPS) will grow 19% annually through 2027, potentially raising its stock price from $26.50 to $30. This would increase its market cap from $191 billion to $216 billion. Verizon, a major competitor in the wireless market, struggled with subscriber growth in 2023. However, it rebounded in 2024 by improving its marketing and expanding partnerships. Analysts expect Verizon's EPS to grow 7% annually through 2027. Currently trading at $43.50, if Verizon matches AT&T's earnings multiple, its stock could rise to about $66, increasing its market cap from $183 billion to $278 billion. Micron Technologies, a leading memory chip manufacturer, went through a downturn in 2023. Yet, analysts foresee its revenue growing by 20% annually and EPS by 151% by 2027. Micron’s stock is currently priced at $100. If it reaches a higher earnings multiple, its price could rise to $222, boosting its market cap to $255 billion. Both Verizon and Micron show promise to exceed AT&T's valuation. All three companies are seen as potentially strong investments in the current market.