Comcast Corp's stock fell by 5.01% as it crossed below the 20-day SMA, reflecting investor concerns following the recent spin-off of Versant Media.
The decline in stock value is attributed to the spinoff of several of the company's cable networks, which has raised questions about Comcast's future revenue streams and market position. This situation has led to a sector rotation as investors reassess their holdings in traditional media companies amid the evolving landscape of digital content consumption.
As Versant Media begins trading independently, Comcast faces challenges in maintaining its competitive edge in the media sector. The market's reaction indicates a cautious outlook on traditional cable operations, prompting investors to seek opportunities in more resilient sectors.
Wall Street analysts forecast CMCSA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CMCSA is 33.45 USD with a low forecast of 23.00 USD and a high forecast of 53.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
22 Analyst Rating
Wall Street analysts forecast CMCSA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CMCSA is 33.45 USD with a low forecast of 23.00 USD and a high forecast of 53.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Buy
12 Hold
3 Sell
Hold
Current: 28.700
Low
23.00
Averages
33.45
High
53.00
Current: 28.700
Low
23.00
Averages
33.45
High
53.00
Bernstein
Market Perform
maintain
$34 -> $32
2026-01-16
Reason
Bernstein
Price Target
$34 -> $32
AI Analysis
2026-01-16
maintain
Market Perform
Reason
Bernstein lowered the firm's price target on Comcast to $32 from $34 and keeps a Market Perform rating on the shares. The firm believes we are entering a new era of competition in the industry. Each quarterly update in 2025 reflected worsening competitive dynamics, erasing much of the Telco gains achieved in the first half of the year, while Cable companies continued to decline through the second half, Bernstein argues. This heightened competitive intensity is set to persist into 2026, with little sign of relief given recent strategic actions, it adds.
Scotiabank
Sector Perform
downgrade
2026-01-07
Reason
Scotiabank
Price Target
2026-01-07
downgrade
Sector Perform
Reason
Scotiabank lowered the firm's price target on Comcast to $37.50 from $41.50 and keeps a Sector Perform rating on the shares. The firm is updating its price targets for Telecommunication Services under its coverage ahead of Q4 results, the analyst tells investors. The firm notes that while promotional intensity in wireless was elevated during the holiday season, revenue and EBITDA industry growth remains positive.
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Benchmark
Benchmark
Buy
downgrade
$46 -> $44
2026-01-06
Reason
Benchmark
Benchmark
Price Target
$46 -> $44
2026-01-06
downgrade
Buy
Reason
Benchmark lowered the firm's price target on Comcast (CMCSA) to $44 from $46 and to formally reflect the consummation of the Versant (VSNT) spinoff and keeps a Buy rating on the shares. The firm, which lowered its 2026 and subsequent year revenue and EBITDA estimates to reflect the Versant spin, notes that its EBITDA estimates for 2026 and 2027 are consequently (3.5%) and (2.0%) below consensus as it appears based on FactSet consensus that only one other sell side firm has made this adjustment yet.
Arete
Andrew Beale
Neutral -> Sell
downgrade
$23
2026-01-06
Reason
Arete
Andrew Beale
Price Target
$23
2026-01-06
downgrade
Neutral -> Sell
Reason
Arete analyst Andrew Beale downgraded Comcast to Sell from Neutral with a $23 price target.
About CMCSA
Comcast Corporation is a global media and technology company. The Company delivers broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produces, distributes, and streams entertainment, sports, and news through brands, including NBC, Telemundo, Universal, Peacock, and Sky; and brings theme parks and attractions to life through Universal Destinations & Experiences. The Company operates through two primary businesses: Connectivity & Platforms and Content & Experiences. The Connectivity & Platforms business includes two segments: Residential Connectivity & Platforms, and Business Services. Its Connectivity and Content & Experiences business include three segments: Media, Studios and Theme Parks. Sky provides connectivity services to customers across Europe through Sky Broadband, Sky Mobile, and Sky Business. Sky Business extends broadband services and purpose-built products to businesses in Europe.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
