Deutsche Bank Upgrades Comcast to 'Buy', Sets $32 Price Target
Deutsche Bank analyst Bryan Kraft raised Comcast's rating to 'buy' with a $32 target on June 30, 2026, a 33.64% upside from the current price.
Key Points
- Deutsche Bank upgraded Comcast's rating to 'buy' with a $32 price target on June 30, 2026.
- Deutsche Bank's $32 price target implies 33.64% upside from Comcast Corporation's ($CMCSA) current $23.95 share price.
- Comcast shares traded at $25.20 on Tuesday, with a market cap of $82.77 billion and a P/E ratio of 4.54.
- Insider and institutional activity shows mixed moves, with some funds increasing and others reducing their stakes.
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Deutsche Bank analyst Bryan Kraft has raised Comcast Corporation's (NasdaqGS: CMCSA) rating to 'buy', setting a new price target of $32. This upgrade was announced on June 30, 2026, reflecting a positive outlook on the stock.
Deutsche Bank vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
Comcast Corporation Stock Down 11.5%
Shares of Comcast traded near $25.20 on Tuesday. The company has a market cap of approximately $82.77 billion and a P/E ratio of 4.54. With a beta of 0.658, Comcast's stock has shown some stability. The 52-week range for the stock is between $22.13 and $34.36, while its 50-day moving average is $25.42 and the 200-day moving average is $27.69.
$CMCSA price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Comcast reported revenue of $125.28 billion, with a modest growth rate of 5.3%. The company's net margin stands at 15%, and it has a return on equity of 20.9%. Comcast is set to announce its next earnings on July 23, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
2 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 5.1%. Revenue met estimates.
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Profit surprise
EBITDA missed by 3 percent. Operating income missed by 4 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
2 target raises.
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Earnings quality
Gross margin down 6.4 points. Operating margin down 5.8 points. Positive free cash flow.
Earnings Call Summary
Comcast reported first quarter revenue of $31.5 billion, up 11 percent year over year, beating consensus by $120 million. The company delivered earnings per share of $0.79, beating consensus of $0.73 by $0.06. Broadband customer losses improved significantly to 65,000 from 182,000 a year ago, marking the first improvement since late 2020. Wireless achieved record net additions of 435,000 lines, with nearly half coming from free line offers. Leadership highlighted strategic momentum from their restructured go-to-market approach, leveraging the Legendary February sports events to drive brand awareness and customer acquisition across connectivity products.
Guidance Management did not provide specific forward guidance for full year or next quarter. They stated expectations for continued broadband ARPU pressure in the second quarter but relief as the year exits. Peacock is expected to approach profitability in the second quarter. Free wireless lines will begin monetizing in the second half of the year, which should benefit convergence revenue growth.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Dividend
Comcast offers an annual dividend rate of $1.32, yielding about 5.7%. The dividend payout ratio is 25.88%, suggesting a sustainable dividend policy.
Insider Buying and Selling at Comcast Corporation
Several insider transactions have occurred recently at Comcast. On May 19, 2026, Brian Roberts, the Chairman of the Board and Co-CEO, sold 202,500 shares. Additionally, on May 11, 2026, Edward Breen acquired 32,440 shares. Daniel Murdock, EVP & Chief Accounting Officer, had multiple transactions on April 3, 2026, both buying and selling shares.
Analysts Set New Price Targets
On June 30, 2026, Deutsche Bank upgraded Comcast to 'buy' with a $32 price target. The same day, Rosenblatt also upgraded the stock to 'buy' with a $31 target. Freedom Broker initiated coverage with a 'hold' rating and a $29 target on June 12, 2026. The consensus recommendation is 'hold', with an average target price of $32.36 based on 21 analyst opinions.
About Comcast Corporation
Comcast Corporation is a global media and technology company headquartered in Philadelphia, PA. It operates through several segments, including Residential Connectivity & Platforms, Media, Studios, and Theme Parks. The company provides broadband, video, and wireless services, and owns NBCUniversal, Sky, and Universal theme parks. Comcast employs approximately 179,000 people and is led by CEO Brian L. Roberts.
Bottom Line
Deutsche Bank's upgrade to a 'buy' rating with a $32 target reflects a positive view on Comcast's prospects. With its diverse operations and recent analyst upgrades, investors are closely watching this media giant. However, remember that 13F filings and analyst ratings are backward-looking and do not necessarily indicate current positions or future performance.
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