Charter Communications (CHTR) Stock Forecast & Price Target

$326.32

+3.93 (+1.22%)

(As of 10/4/2024 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

Hold

Based on 18 Analyst Ratings

Sell
4

Hold
10

Buy
4

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, 10 have given a hold rating, and 4 have given a buy rating for CHTR.

Consensus Price Target

$356.41
9.22% Upside

According to the 18 analysts' twelve-month price targets for Charter Communications, the average price target is $356.41. 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 upside of 9.22% from the current price of $326.32.

CHTR Analyst Ratings Over Time

Type	Current Forecast 10/7/23 to 10/6/24	1 Month Ago 9/7/23 to 9/6/24	3 Months Ago 7/9/23 to 7/8/24	1 Year Ago 10/7/22 to 10/7/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	13 Buy rating(s)
Hold	10 Hold rating(s)	9 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)
Sell	4 Sell rating(s)	4 Sell rating(s)	3 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$356.41	$360.93	$341.47	$504.78
Forecasted Upside	9.22% Upside	10.23% Upside	17.52% Upside	17.08% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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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.

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.

Charter Communications Stock vs. The Competition

Type	Charter Communications	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	2.00	2.56	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	9.22% Upside	1,174.10% Upside	7.04% Upside
News Sentiment Rating	Neutral News See Recent CHTR News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/30/2024	Wolfe Research 3 of 5 stars	P. Supino Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Peer Perform ➝ Underperform	$300.00	-8.04%
9/19/2024	Royal Bank of Canada 4 of 5 stars	J. Atkin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Sector Perform	$345.00	+1.58%
9/11/2024	Citigroup 3 of 5 stars	M. Rollins Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Neutral	$350.00	+8.23%
7/29/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$330.00 ➝ $360.00	-5.54%
7/29/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$488.00 ➝ $525.00	+38.23%
7/29/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$300.00 ➝ $325.00	-14.43%
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7/29/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$300.00 ➝ $385.00	+2.24%
7/29/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$250.00 ➝ $300.00	-20.33%
7/29/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$260.00 ➝ $350.00	-4.66%
7/29/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$360.00 ➝ $385.00	+4.73%
7/29/2024	Pivotal Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$400.00 ➝ $435.00	+18.33%
7/29/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$292.00 ➝ $329.00	-10.51%
7/29/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	F. Louthan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Market Perform ➝ Underperform
7/1/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Schneider Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Sell	$250.00	-16.38%
4/29/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$335.00 ➝ $285.00	+9.35%
3/28/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$360.00 ➝ $325.00	+12.66%
3/18/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$370.00	+27.30%
2/5/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$490.00 ➝ $440.00	+42.95%
3/29/2023	Cfra Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Market Weight
1/30/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight	$580.00 ➝ $540.00	+38.07%
1/30/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$610.00 ➝ $585.00	+49.58%
1/30/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$541.00 ➝ $606.00	+53.65%
1/5/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$380.00 ➝ $550.00	+55.37%
12/14/2022	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$500.00	+51.79%
12/14/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		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 Sunday at 12:01 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 Tuesday, September 24, 2024. Please send any questions or comments about these Charter Communications pros and cons to contact@marketbeat.com.

Charter Communications
Bull Case

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

Charter Communications, Inc. reported strong quarterly earnings with an EPS of $8.49, surpassing analyst estimates by $0.51. This indicates the company's profitability and potential for growth.
Charter Communications, Inc. has a healthy return on equity of 30.11%, showcasing efficient utilization of shareholder funds to generate earnings.
Recent stock performance shows Charter Communications, Inc. trading at $351.53, with a 1-year high of $458.30. This demonstrates positive momentum and potential for capital appreciation.
Analysts predict Charter Communications, Inc. to post earnings per share of 32.52 for the current fiscal year, indicating a positive outlook for future profitability.
Charter Communications, Inc. has a market capitalization of $50.63 billion, reflecting the company's size and stability in the market.

Charter Communications
Bear Case

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

Charter Communications, Inc. has received mixed ratings from analysts, with three sell ratings, eleven hold ratings, and four buy ratings. This uncertainty may lead to volatility in the stock price.
The debt-to-equity ratio of Charter Communications, Inc. is 5.84, indicating a relatively high level of debt compared to equity. High debt levels can pose financial risks during economic downturns.
Charter Communications, Inc. has a beta of 1.04, suggesting the stock's price sensitivity to market movements. Higher betas can lead to increased volatility in the stock price.
The company's current ratio of 0.39 and quick ratio of 0.40 may raise concerns about its short-term liquidity position and ability to meet immediate financial obligations.
Charter Communications, Inc. has a price-to-earnings-growth ratio of 0.70, which may indicate that the stock is currently overvalued relative to its earnings growth potential.

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 $356.41, with a high forecast of $525.00 and a low forecast of $250.00.
: 18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Charter Communications in the last year. There are currently 4 sell ratings, 10 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research 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 upside of 9.22% based on their 12-month stock forecasts.
: Over the previous 90 days, Charter Communications's stock had 3 downgrades and 1 upgrade by analysts.
: Charter Communications has been rated by research analysts at Bank of America, Barclays, Citigroup, Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., Morgan Stanley, Pivotal Research, Raymond James, Rosenblatt Securities, Royal Bank of Canada, TD Cowen, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: 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.

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This page (NASDAQ:CHTR) was last updated on 10/6/2024 by MarketBeat.com Staff

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Charter Communications (CHTR) Stock Forecast & Price Target