Rosenblatt Upgrades Comcast to 'Buy', Sets $31 Price Target
Rosenblatt analyst Barton Crockett raised Comcast's rating to 'buy' with a $31 target, a 29.46% upside from the current price.
Key Points
- Rosenblatt upgraded Comcast to a 'buy' rating and set a new price target of $31 on June 30, 2026.
- Rosenblatt's $31 price target implies 29.46% upside from Comcast Corporation's ($CMCSA) current $23.95 share price.
- Comcast shares traded near $25.2 on Tuesday, with a market cap of approximately $82.8 billion.
- Other analysts, including Deutsche Bank, also upgraded Comcast, reflecting positive sentiment.
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Rosenblatt analyst Barton Crockett has upgraded Comcast Corporation (NasdaqGS: CMCSA) to a 'buy' rating, setting a new price target of $31. This change, announced on June 30, 2026, comes as Comcast shares traded around $25.2 on Tuesday.
Rosenblatt 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 NasdaqGS:CMCSA traded near $25.2 on Tuesday. Comcast has a market cap of about $82.8 billion, with a P/E ratio of 4.54 and a forward P/E of 6.14, indicating relatively low earnings multiples. The stock's 52-week range is between $22.13 and $34.36, with a 50-day moving average of $25.42 and a 200-day moving average of $27.69. Comcast's financial health is reflected in its current ratio of 0.87 and a quick ratio of 0.71, alongside a debt-to-equity ratio of 106.86.
$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 of 5.3%. The company's net margin stands at 15%, and it achieved a return on equity of 20.92%. Its earnings per share are $5.10. Comcast is expected to release its next earnings report 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 pays an annual dividend of $1.32 per share, yielding about 5.7%. The payout ratio is a conservative 25.88%, suggesting a sustainable dividend policy.
Insider Buying and Selling at Comcast Corporation
Recent insider activity includes Chairman of the Board and Co-CEO Brian Roberts selling 202,500 shares on May 19, 2026. On the buying side, Edward Breen acquired 32,440 shares on May 11, 2026, and EVP & Chief Accounting Officer Daniel Murdock bought 5,268 shares on April 3, 2026.
Analysts Set New Price Targets
On June 30, 2026, Deutsche Bank also upgraded Comcast to a 'buy' rating, setting a $32 price target. Earlier in June, Freedom Broker initiated coverage with a 'hold' rating and a $29 target. The consensus from 21 analysts suggests a 'hold' recommendation, with a mean target price of $32.36.
About Comcast Corporation
Comcast Corporation is a major player in the communication services sector, operating in telecom services. Headquartered in Philadelphia, PA, and led by CEO Brian Roberts, it employs about 179,000 people. Comcast's operations span residential and business connectivity, media and entertainment through NBCUniversal, and international ventures with Sky. It also operates Universal theme parks in several countries.
Bottom Line
Rosenblatt's upgrade to a 'buy' reflects confidence in Comcast's potential upside, now targeting $31 per share. Investors track such analyst updates for insights, though it's important to remember these ratings are forward-looking and subject to change. As always with 13F filings and analyst reports, these reflect past and current views and do not guarantee future performance.
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