Comcast Stock (CMCSA): $62 Price Target From Goldman Sachs

By Amit Chowdhry ● Jan 17, 2022
  • The shares of Comcast Corporation (NASDAQ: CMCSA) have received a $62 price target from Goldman Sachs. These are the details.

The shares of Comcast Corporation (NASDAQ: CMCSA) have received a $62 price target from Goldman Sachs. And Goldman Sachs analyst Brett Feldman is maintaining a “Buy” rating on the company shares.

Feldman cited 3 reasons why Comcast remains a top pick in the cable industry. And Feldman said it expects the company to sustain strong cable EBITDA growth despite a slowdown in broadband net adds. Plus Feldman estimated that Comcast can repurchase almost 40% of its market cap by 2026.

Feldman believes that the valuation looks very attractive following a 19% decline in share price from an all-time-high last September. 

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.