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Comcast (CMCSA) Stock: $51 Price Target From Rosenblatt

Comcast (CMCSA) Stock: $51 Price Target From Rosenblatt
Analyst Bio:

The shares of Comcast Corporation (NASDAQ: CMCSA) have received a $51 price target from Rosenblatt. And Rosenblatt analyst Barton Crockett initiated coverage of Comcast with a “Neutral” rating.

Crockett adjusted the rating as Comcast spends as much or more time talking about NBCU and its recently acquired Sky unit, which are not that material for earnings as its core broadband business since the world is interested in those businesses and that noise is “distracting.” And Crockett pointed out the company derived 55% of sales and 81% of EBITDA in 2021 from cable.

Plus Crockett noted that the recent cable pressure is tied to a shortage of moves rather than competition from fiber build-outs or new fixed wireless services.

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