- Comcast's stock suffers a 4% drop as subscriber losses outweigh positive earnings results.
- Analysts predict an average price target for CMCSA at $42.85, implying a 30.69% upside.
- GuruFocus estimates a 40.13% upside, valuing CMCSA at $45.95 in the next year.
Comcast Corp (NASDAQ: CMCSA) recently witnessed a 4% fall in its stock price, primarily driven by greater-than-expected losses in both its broadband and video subscriber bases. Despite this setback, the company managed to surpass Q1 earnings predictions. A notable loss of 199,000 broadband and 427,000 video subscribers was a significant concern for investors, overshadowing the revenue growth within Comcast's studio and streaming segments. Even with these challenges, Comcast's overall revenue slightly decreased to $29.89 billion, yet still managed to exceed analysts' forecasts.
Wall Street's Perspective and Analyst Forecasts
Wall Street analysts have provided their one-year price targets for Comcast Corp (CMCSA, Financial), averaging at $42.85, with a spectrum ranging from a high of $58.00 to a low of $31.00. This average target indicates a potential upside of 30.69% from the current stock price of $32.79. For more comprehensive data, visit the Comcast Corp (CMCSA) Forecast page.
Moreover, the consensus recommendation from 30 brokerage firms places Comcast Corp (CMCSA, Financial) at an average brokerage recommendation of 2.4, which aligns with an "Outperform" rating. This rating is based on a scale from 1 to 5, where 1 represents a Strong Buy and 5 indicates a Sell.
GuruFocus Valuation Insights
According to GuruFocus estimates, Comcast Corp (CMCSA, Financial) has a projected GF Value of $45.95 for the coming year. This reflects an anticipated upside of 40.13% from the current trading price of $32.7899. The GF Value is a proprietary GuruFocus metric that represents the fair value a stock should ideally trade at, derived from historical trading multiples, past business growth patterns, and future business performance forecasts. Detailed information is available on the Comcast Corp (CMCSA) Summary page.
