Asia FX weakens slightly, rupee recovers from record low as RBI holds rates
Investing.com - Rosenblatt raised its price target on Comcast Corp (NASDAQ:CMCSA) to $38.00 from $37.00 on Monday, while maintaining a Neutral rating on the stock. According to InvestingPro data, the stock is currently trading near its 52-week low, with analyst targets ranging from $31 to $50.
The price target increase follows Comcast’s second-quarter 2025 earnings report released on July 30, with Rosenblatt citing 1% to 2% increases to its consolidated 2025 estimates for revenue, EBITDA, and adjusted EPS.
Rosenblatt noted that Comcast is optimistic its new everyday low pricing strategy could help stabilize its broadband business, which has faced competitive pressures in recent quarters.
The firm also highlighted positive momentum in Comcast’s Content/Experiences division, pointing to traction at the Peacock streaming service, investments in theme parks, and continued success in movie production.
Rosenblatt’s analysis comes as Comcast prepares for its planned spin-off of most cable networks, including MSNBC, CNBC, USA, SyFy, Oxygen, and Golf, into a new entity called Versant, expected to be completed between late 2025 and early 2026. The company’s attractive P/E ratio of 5.43x and strong free cash flow yield suggest solid fundamentals heading into this strategic transformation.
In other recent news, Comcast Corporation has declared a quarterly dividend of $0.33 per share, payable on October 22, 2025, to shareholders of record as of October 1, 2025. Additionally, Comcast has announced the board members for its planned media spin-off, VERSANT Media Group, Inc., with David Novak as Chairman and Mark Lazarus as CEO. In terms of analyst updates, Rosenblatt has maintained a Neutral rating on Comcast while raising its price target from $37 to $38, reflecting slight increases in projected revenue, EBITDA, and adjusted EPS for 2025. Meanwhile, Bernstein has reiterated its Market Perform rating with a $37 price target, cautioning about potential challenges in Comcast’s broadband business. Benchmark continues to support Comcast with a Buy rating and a $48 price target amid price hikes for Peacock, NBCUniversal’s streaming service. Starting next week, Peacock Premium Plus will see a price increase to $16.99, while the ad-supported version will rise to $10.99. These developments reflect ongoing strategic adjustments and analyst evaluations of Comcast’s financial performance and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.