What 4 Analyst Ratings Have To Say About Charter Communications
Portfolio Pulse from Benzinga Insights
Four analysts have recently updated their ratings on Charter Communications (NASDAQ:CHTR), showing a mix of perspectives. The average 12-month price target is now $403.75, down from $456.75, indicating a bearish sentiment. Analysts from Barclays, JP Morgan, Rosenblatt, and Benchmark have all lowered their price targets, reflecting concerns over market conditions and company performance. Despite this, Charter Communications has shown positive financial performance, with a revenue growth rate of 0.25% as of September 30, 2023, and strong profitability indicators such as a net margin of 9.24% and an ROE of 11.64%.
February 05, 2024 | 1:00 pm
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NEUTRAL IMPACT
Charter Communications has received mixed analyst ratings with a downward revision in price targets, indicating a bearish outlook. However, the company's strong financial performance could mitigate negative sentiment.
The mixed analyst ratings and lowered price targets suggest a cautious or bearish outlook in the short term. However, Charter Communications' solid financial performance, including positive revenue growth and strong profitability metrics, could provide a counterbalance to negative sentiment, making the short-term impact on the stock price neutral.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100