Comcast (CMCSA) Stock: $42 Target And Equal-Weight Rating

By Amit Chowdhry ● Aug 4, 2022
  • The shares of Comcast (CMCSA) recently received a $42 price target from Barclays. These are the details.

The shares of Comcast (CMCSA) recently received a $42 price target from Barclays. And Barclays analyst Kannan Venkateshwar adjusted the rating from “Overweight” to “Equal-Weight.”

Venkateshwar decided on the rating while noting that cable companies are likely past peak growth. And cable providers could see flat growth next year and potentially negative after that. But Venkateshwar pointed out that with unit growth now flat to up by low single digits and pricing up only in the 3%-4% range for broadband at best cable companies could start looking a lot more like players in the telecommunications space.