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Charter Communications (CHTR) Stock Forecast & Price Target

Charter Communications logo
$384.07 -4.20 (-1.08%)
(As of 08:10 PM ET)

Charter Communications - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
4
Hold
9
Buy
5

Based on 18 Wall Street analysts who have issued ratings for Charter Communications in the last 12 months, the stock has a consensus rating of "Hold." Out of the 18 analysts, 4 have given a sell rating, 9 have given a hold rating, and 5 have given a buy rating for CHTR.

Consensus Price Target

$379.06
-1.30% Downside
According to the 18 analysts' twelve-month price targets for Charter Communications, the average price target is $379.06. The highest price target for CHTR is $525.00, while the lowest price target for CHTR is $250.00. The average price target represents a forecasted downside of -1.30% from the current price of $384.07.
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CHTR Analyst Ratings Over Time

TypeCurrent Forecast
11/26/23 to 11/25/24
1 Month Ago
10/27/23 to 10/26/24
3 Months Ago
8/28/23 to 8/27/24
1 Year Ago
11/26/22 to 11/26/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
10 Buy rating(s)
Hold
9 Hold rating(s)
10 Hold rating(s)
9 Hold rating(s)
6 Hold rating(s)
Sell
4 Sell rating(s)
4 Sell rating(s)
4 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$379.06$356.41$360.93$501.52
Forecasted Upside-1.30% Downside6.07% Upside0.05% Upside23.55% Upside
Consensus Rating
Hold
Hold
Hold
Moderate Buy

CHTR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CHTR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Charter Communications Stock vs. The Competition

TypeCharter CommunicationsConsumer Discretionary CompaniesS&P 500
Consensus Rating Score
2.06
2.56
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside-2.37% Downside3,316.34% Upside7.66% Upside
News Sentiment Rating
Positive News

See Recent CHTR News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/5/2024Benchmark
3 of 5 stars
 Boost TargetBuy ➝ Buy$440.00 ➝ $450.00+19.73%
11/4/2024Deutsche Bank Aktiengesellschaft
3 of 5 stars
 Boost TargetHold ➝ Hold$340.00 ➝ $365.00-2.63%
11/4/2024Royal Bank of Canada
4 of 5 stars
J. Atkin
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Boost TargetSector Perform ➝ Sector Perform$345.00 ➝ $390.00+3.33%
11/4/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$350.00 ➝ $400.00+7.53%
11/4/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$385.00 ➝ $400.00+7.53%
11/4/2024Pivotal Research
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 Boost TargetBuy$435.00 ➝ $525.00+43.25%
11/4/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$360.00 ➝ $415.00+13.24%
11/4/2024Barclays
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 Boost TargetUnderweight ➝ Underweight$300.00 ➝ $315.00-14.05%
11/4/2024Bank of America
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 UpgradeNeutral ➝ Buy$385.00 ➝ $450.00+22.79%
9/30/2024Wolfe Research
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P. Supino
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DowngradePeer Perform ➝ Underperform$300.00-8.04%
9/11/2024Citigroup
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M. Rollins
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UpgradeSell ➝ Neutral$350.00+8.23%
7/29/2024TD Cowen
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 Boost TargetBuy ➝ Buy$488.00 ➝ $525.00+38.23%
7/29/2024Rosenblatt Securities
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 Boost TargetNeutral ➝ Neutral$292.00 ➝ $329.00-10.51%
7/29/2024Raymond James
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F. Louthan
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DowngradeMarket Perform ➝ Underperform
7/1/2024The Goldman Sachs Group
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J. Schneider
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Initiated CoverageSell$250.00-16.38%
4/29/2024Loop Capital
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 Lower TargetHold ➝ Hold$335.00 ➝ $285.00+9.35%
3/28/2024UBS Group
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 Lower TargetNeutral ➝ Neutral$360.00 ➝ $325.00+12.66%
3/18/2024Sanford C. Bernstein
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 UpgradeMarket Perform ➝ Outperform$370.00+27.30%
3/29/2023Cfra
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 UpgradeUnderweight ➝ Market Weight
1/30/2023KeyCorp
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 Lower TargetOverweight$580.00 ➝ $540.00+38.07%
1/30/2023TD Securities
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 Lower TargetBuy$610.00 ➝ $585.00+49.58%
1/30/2023Credit Suisse Group
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 Boost TargetOutperform$541.00 ➝ $606.00+53.65%
1/5/2023Truist Financial
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 UpgradeHold ➝ Buy$380.00 ➝ $550.00+55.37%
12/14/2022Evercore ISI
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 Lower Target$500.00+51.79%
12/14/2022Cowen
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 Lower Target$670.00 ➝ $649.00+65.27%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 02:31 PM ET.


Should I Buy Charter Communications Stock? CHTR Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, November 24, 2024. Please send any questions or comments about these Charter Communications pros and cons to contact@marketbeat.com.

Charter Communications
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Charter Communications, Inc.:

  • Charter Communications, Inc. reported an earnings per share (EPS) of $8.82 for the latest quarter, exceeding analysts' expectations of $8.55, indicating strong financial performance.
  • The company achieved a revenue of $13.80 billion, surpassing estimates of $13.66 billion, which reflects its ability to generate sales effectively.
  • With a return on equity of 28.73%, Charter Communications, Inc. demonstrates efficient use of shareholders' equity to generate profits, which is attractive to investors.
  • The current stock price is $389.57, which is significantly higher than its 52-week low of $236.08, suggesting a positive trend in the stock's performance.
  • Analysts have recently upgraded their price targets for Charter Communications, Inc., with some setting targets as high as $525.00, indicating strong future growth potential.

Charter Communications
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Charter Communications, Inc. for these reasons:

  • The company has a high debt-to-equity ratio of 5.24, which indicates that it relies heavily on debt financing, potentially increasing financial risk.
  • Despite recent revenue growth, the net margin of 8.52% suggests that the company may face challenges in maintaining profitability amidst rising costs.
  • Charter Communications, Inc. has received mixed ratings from analysts, with four analysts issuing sell ratings, which may indicate concerns about the stock's future performance.
  • The stock has a price-to-earnings (P/E) ratio of 12.20, which, while not excessively high, may suggest that the stock is fairly valued compared to its earnings, limiting upside potential.
  • Recent trading activity shows volatility, with shares trading down $4.69 in a single day, which could indicate instability in investor sentiment.

CHTR Forecast - Frequently Asked Questions

According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Charter Communications is $379.06, with a high forecast of $525.00 and a low forecast of $250.00.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Charter Communications in the last year. There are currently 4 sell ratings, 9 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CHTR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CHTR, but not buy additional shares or sell existing shares.

According to analysts, Charter Communications's stock has a predicted downside of -1.30% based on their 12-month stock forecasts.

Over the previous 90 days, Charter Communications's stock had 2 upgrades and 1 downgrade by analysts.

Analysts like Charter Communications less than other "consumer discretionary" companies. The consensus rating for Charter Communications is Hold while the average consensus rating for "consumer discretionary" companies is Moderate Buy. Learn more on how CHTR compares to other companies.


This page (NASDAQ:CHTR) was last updated on 11/25/2024 by MarketBeat.com Staff
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