Comcast's Focus on Cash Flows Over Subscribers in Competitive Landscape Draws Mixed Analyst Reactions
Portfolio Pulse from Anusuya Lahiri
Comcast Corp (NASDAQ:CMCSA) has received mixed reactions from analysts following its Q3 results. Oppenheimer analyst Timothy Horan maintained an Outperform rating with a price target of $55, praising the company's focus on FCF growth over subscriber numbers. However, Raymond James analyst Frank G. Louthan, IV gave a Market Perform rating, noting the company's loss of market share. Rosenblatt analyst Barton Crockett reiterated a Neutral rating with a $44 price target, while Scotiabank analyst Jeff Fan downgraded Comcast from Sector Outperform to Sector Perform with a $49 price target.
October 27, 2023 | 6:26 pm
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Comcast's Q3 results have led to mixed analyst reactions. While some praise the company's focus on FCF growth over subscribers, others note the loss of market share.
The mixed analyst reactions to Comcast's Q3 results indicate uncertainty about the company's future performance. While the focus on FCF growth over subscribers is seen as a positive by some, the loss of market share is a concern for others. This could lead to volatility in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100