KeyBanc has revised its price target for Comcast (CMCSA, Financial), reducing it from $47 to $45, while maintaining an Overweight rating on the stock. This adjustment comes as the firm prepares for Comcast's upcoming quarterly earnings report. The decision to lower the target is informed by reduced estimates and a revised valuation multiple.
In anticipation of the first-quarter earnings, KeyBanc is showing a preference for defensive trades, particularly focusing on sectors like Towers and Cable. However, the firm expresses a more cautious stance on areas such as Data Centers, Media, and Wireless. Despite the relative safety of KeyBanc’s companies from a tariff perspective, the firm anticipates some fallout, particularly in consumer spending.
This anticipated decrease in consumer spending could influence several aspects of the market, potentially affecting advertising revenue, theme park visitor growth, and capital investment. The sectors most likely to feel these impacts include Data Centers, Wireless Carriers, and, to a lesser extent, Cable Operators like Comcast.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 25 analysts, the average target price for Comcast Corp (CMCSA, Financial) is $43.17 with a high estimate of $58.00 and a low estimate of $31.00. The average target implies an upside of 28.04% from the current price of $33.72. More detailed estimate data can be found on the Comcast Corp (CMCSA) Forecast page.
Based on the consensus recommendation from 30 brokerage firms, Comcast Corp's (CMCSA, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Comcast Corp (CMCSA, Financial) in one year is $45.97, suggesting a upside of 36.33% from the current price of $33.72. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Comcast Corp (CMCSA) Summary page.
