Comcast (CMCSA) Stock Forecast & Price Target

$42.23

-0.02 (-0.05%)

(As of 10/17/2024 ET)

Comcast - 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 16 Analyst Ratings

Sell
1

Hold
7

Buy
8

Based on 16 Wall Street analysts who have issued ratings for Comcast in the last 12 months, the stock has a consensus rating of "Hold." Out of the 16 analysts, 1 has given a sell rating, 7 have given a hold rating, and 8 have given a buy rating for CMCSA.

Consensus Price Target

$45.55
7.86% Upside

According to the 16 analysts' twelve-month price targets for Comcast, the average price target is $45.55. The highest price target for CMCSA is $55.00, while the lowest price target for CMCSA is $34.00. The average price target represents a forecasted upside of 7.86% from the current price of $42.23.

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CMCSA Analyst Ratings Over Time

Type	Current Forecast 10/18/23 to 10/17/24	1 Month Ago 9/18/23 to 9/17/24	3 Months Ago 7/20/23 to 7/19/24	1 Year Ago 10/18/22 to 10/18/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	11 Buy rating(s)	14 Buy rating(s)
Hold	7 Hold rating(s)	9 Hold rating(s)	10 Hold rating(s)	8 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$45.55	$45.78	$48.53	$48.96
Forecasted Upside	7.86% Upside	16.55% Upside	21.09% Upside	11.22% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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CMCSA 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.

CMCSA 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.

Comcast Stock vs. The Competition

Type	Comcast	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	2.44	2.57	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	7.86% Upside	1,231.61% Upside	6.31% Upside
News Sentiment Rating	Positive News See Recent CMCSA 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
7/25/2024	Barclays 3 of 5 stars		Lower Target	Equal Weight ➝ Equal Weight	$41.00 ➝ $40.00	+5.01%
7/24/2024	Macquarie 2 of 5 stars		Reiterated Rating	Neutral ➝ Neutral	$40.00 ➝ $40.00	+5.40%
7/24/2024	Deutsche Bank Aktiengesellschaft 3 of 5 stars		Lower Target	Buy ➝ Buy	$50.00 ➝ $49.00	+28.37%
7/24/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$45.00 ➝ $44.00	+14.26%
7/24/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$45.00 ➝ $45.00	+16.85%
7/24/2024	Pivotal Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$48.00 ➝ $47.00	+22.05%
Get the Latest News and Ratings for CMCSA and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Comcast and its competitors with MarketBeat's FREE daily newsletter.
7/2/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$50.00 ➝ $48.00	+26.02%
6/25/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Ng Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$44.00	+14.35%
6/24/2024	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Joyce Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
6/11/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Mchugh Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Neutral ➝ Underperform	$34.00	-12.35%
5/13/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$55.00	+39.35%
4/29/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$53.00 ➝ $48.00	+23.58%
4/26/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$47.00 ➝ $43.00	+13.55%
4/26/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$50.00 ➝ $47.25	+24.77%
4/3/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$55.00	+32.15%
2/15/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$50.00 ➝ $44.00	+4.71%
10/5/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform	$46.00	+6.93%
9/25/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$48.00 ➝ $49.00	+8.17%
8/9/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$45.00 ➝ $50.00	+10.30%
8/2/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Peer Perform
7/28/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$46.00 ➝ $50.00	+10.55%
7/28/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$50.00 ➝ $53.00	+15.52%
7/28/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$49.00 ➝ $55.00	+21.28%
7/27/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$50.00 ➝ $54.00	+19.07%
7/24/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	$48.00 ➝ $50.00	+15.58%
4/28/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$35.00 ➝ $41.00	+1.81%
4/18/2023	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$36.00 ➝ $44.00	+15.52%
2/22/2023	KGI Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral
1/27/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$60.00 ➝ $56.00	+40.92%
1/27/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$49.00 ➝ $46.00	+13.83%
1/5/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$50.00	+36.65%
11/1/2022	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jonathan Kees Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$36.00	+14.07%
10/28/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$51.00 ➝ $49.00	+55.56%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:36 PM ET.

Should I Buy Comcast Stock? CMCSA 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 Monday, September 30, 2024. Please send any questions or comments about these Comcast pros and cons to contact@marketbeat.com.

Comcast
Bull Case

Here are some ways that investors could benefit from investing in Comcast Co.:

Comcast Co. stock price is currently at an attractive level, providing a potential entry point for investors.
Comcast Co. reported strong quarterly earnings, surpassing analysts' expectations, indicating a healthy financial performance.
Comcast Co. operates in various segments including media, studios, and theme parks, diversifying its revenue streams.
Comcast Co. has a solid dividend payout ratio of 32.80%, offering investors a steady income stream.
Analysts have given Comcast Co. a consensus rating of "Hold" with an average price target of $45.78, suggesting potential upside.

Comcast
Bear Case

Investors should be bearish about investing in Comcast Co. for these reasons:

Comcast Co. has experienced a decline in quarterly revenue, signaling potential challenges in revenue growth.
There is a mixed sentiment among analysts, with some issuing hold ratings, indicating uncertainty in the company's future performance.
Comcast Co. operates in a competitive industry with evolving technologies, posing risks of disruption and market share loss.
The company's debt-to-equity ratio of 1.16 may raise concerns about its leverage and financial stability.
Comcast Co.'s stock performance has been fluctuating, reflecting market volatility and potential investor uncertainty.

CMCSA Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Comcast is $45.55, with a high forecast of $55.00 and a low forecast of $34.00.
: 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comcast in the last year. There is currently 1 sell rating, 7 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CMCSA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CMCSA, but not buy additional shares or sell existing shares.
: According to analysts, Comcast's stock has a predicted upside of 7.86% based on their 12-month stock forecasts.
: Comcast has been rated by research analysts at Barclays, Deutsche Bank Aktiengesellschaft, KeyCorp, Macquarie, Pivotal Research, and Rosenblatt Securities in the past 90 days.
: Analysts like Comcast less than other "consumer discretionary" companies. The consensus rating for Comcast is Hold while the average consensus rating for "consumer discretionary" companies is Moderate Buy. Learn more on how CMCSA compares to other companies.