14 Most Promising Stocks Under $100

4. Comcast Corporation (NASDAQ:CMCSA)

Share Price as of October 7: $31.09

Number of Hedge Fund Holders: 82

Comcast Corporation (NASDAQ:CMCSA) is one of the most promising stocks under $100. On October 8, Scotiabank analyst Maher Yaghi raised the firm’s price target on Comcast to $45.50 from $45, while maintaining a Sector Perform rating on the shares.

Scotiabank expects results for the Telecom, Media, and Technology sector to be broadly in line with consensus. In Q2, Comcast delivered results with $4.5 billion in free cash flow and a 3% increase in adjusted EPS to $1.25, on the back of 2% year-over-year revenue growth.

The performance was driven by the company’s core growth businesses (broadband, wireless, business services, parks, streaming, and studios), which collectively represent ~60% of total revenue and grew at a high single-digit rate. Management expects this exposure to growth areas to increase to 70% over the next few years as the company focuses on reaccelerating total revenue growth.

Comcast Corporation (NASDAQ:CMCSA) is a media and technology company worldwide that operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments.