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With an annual dividend yield of 3.93%, Vodafone Group Public Limited Company (NASDAQ:VOD) is included among the 12 Best NASDAQ Stocks to Buy for Dividends.

Vodafone Group Public Limited Company (NASDAQ:VOD) is a leading technology communications company in Europe and Africa, keeping society connected and building a digital future.

On June 15, Deutsche Bank lowered its price target on Vodafone Group Public Limited Company (NASDAQ:VOD) from £155 to £150, but kept its 'Buy' rating on the shares. The revised price objective still implies an upside of over 42% from the current levels.

Similarly, earlier on June 11, Barclays analyst Maurice Patrick also trimmed the firm's price target on Vodafone Group Public Limited Company (NASDAQ:VOD) from £120 to £110, in addition to downgrading the stock from 'Overweight' to 'Equal Weight'.

According to the analyst firm, while much of the European telecom sector is benefiting from a recovery in revenue and EBITDA growth, Vodafone continues to struggle in its important German market, where competition remains high.

Vodafone reported core earnings of €11.4 billion ($13.4 billion) in its FY 2026 report last month, up 4.5% YoY on an organic basis, supported by service revenue growth across markets. That said, the company witnessed a decline in both service revenue and adjusted EBITDA in Germany, its biggest market.

Vodafone is targeting core earnings of €11.9 billion to €12.2 billion for the current year.

While we acknowledge the potential of VOD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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