- Citigroup analyst Michael Rollins maintains Comcast Corp CMCSA with a Buy and raises the price target from $45 to $47.
- The analyst updated his Comcast model for 1Q23 results.
- First quarter results reaffirmed the opportunity for Comcast to improve broadband revenue and its overall connectivity EBITDA margin from the mix shift to higher-margin services, even while the broadband volume remains in an ex-growth position.
- NBCUniversal results were broadly better than expected and saw a better full-year financial performance from its Content & Experiences segment.
- The analyst remains a Buyer of CMCSA shares on the opportunity to improve financial performance and retain financial flexibility to enhance shareholder value over the next 12 months.
- Benchmark analyst Matthew Harrigan maintains Comcast with a Buy and raises the price target from $46 to $49.
- The re-rating reflects last week’s earnings results and high confidence in Universal’s creative pipeline following its CinemaCon presentation.
- Universal Pictures is readily neglected, given its moderate contribution to overall earnings. Still, a hot studio run benefits the Parks business and Media as the first window Universal film releases are on Peacock.
- He believes Universal is outperforming the other first-tier studios in creating new franchises even as established hit live-action and high-margin animation franchises provide a more predictable profitability backbone.
- Universal’s CinemaCon presentation to exhibitors showed momentum likely to extend beyond The Super Mario Bros Movie and this summer’s Fast X with a highly diverse slate of movies.
- Comcast’s breadth implies NBCUniversal is ready to weather any WGA (Writers Guild of America) and AMPTP (Alliance of Motion Pictures and Television Producers) strike(s).
- Price Action: CMCSA shares traded lower by 1.61% at $40.97 on the last check Tuesday.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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