- Comcast averts a blackout by securing a last-minute agreement with YES Network.
- Wall Street analysts project a 23.18% upside in Comcast stock price.
- GF Value indicates a potential 30.7% increase from the current stock price.
Comcast (CMCSA, Financial) has successfully brokered a last-minute carriage agreement with YES Network, a move that prevented a potential blackout for viewers in pivotal regions such as northern New Jersey and areas of Pennsylvania. This strategic deal ensures uninterrupted access to regional sports content for Xfinity subscribers, reinforcing Comcast's positioning in the competitive media landscape.
Wall Street Analysts' Forecast for Comcast
According to projections from 25 analysts over the next year, the average target price for Comcast Corp (CMCSA, Financial) is set at $43.33. This forecast includes a high estimate of $58.00 and a low estimate of $35.00, implying a potential upside of 23.18% from the current stock price of $35.18. Investors looking for further insights can explore the detailed estimates on the Comcast Corp (CMCSA) Forecast page.
The consensus recommendation from 30 brokerage firms positions Comcast Corp's (CMCSA, Financial) average brokerage recommendation at 2.4, categorizing the stock as “Outperform.” This rating follows a scale where 1 indicates a Strong Buy and 5 indicates a Sell, providing investors with a snapshot of analyst sentiment.
GuruFocus Valuation Insights
GuruFocus has assessed the GF Value of Comcast Corp (CMCSA, Financial) one year from now to be $45.98, signaling a projected upside of 30.7% from its current price of $35.18. The GF Value metric is a reliable barometer of a stock’s fair value, derived from historical trading multiples, past growth trajectories, and future performance estimates. For a comprehensive analysis, visit the Comcast Corp (CMCSA) Summary page.
