5 Best Streaming Stocks To Buy Now

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In this article, we discuss the 5 best streaming stocks to buy now. If you want to read our detailed analysis of the streaming industry and these stocks, go directly to 10 Best Streaming Stocks To Buy Now.

5. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Fund Holders: 80

Comcast Corporation (NASDAQ:CMCSA) is up next on our list of the hottest streaming stocks to buy now. It provides cable and broadband services to millions across the United States, and also provides content streaming services through its Xfinity Stream platform, which recorded approximately 18 million subscribers at the end of 2021.

On April 29, Morgan Stanley analyst Benjamin Swinburne kept an ‘Overweight’ rating on Comcast Corporation (NASDAQ:CMCSA) shares and lowered the firm’s price target to $55 from $60. He sees the firm offering healthy growth in its free cash flow, EBITDA, and EPS whilst trading at deeply discounted valuations. The analyst sees Comcast Corporation (NASDAQ:CMCSA) as his top pick in the cable/satellite group.

Hedge funds were buying into Comcast Corporation (NASDAQ:CMCSA) at the close of the fourth quarter, where 80 reported bullish bets on the company shares with a collective price tag of $8.6 billion. In comparison, 75 hedge funds were long on the company shares in the preceding quarter.

For the first quarter of 2022, Comcast Corporation (NASDAQ:CMCSA) posted $31.01 billion in quarterly revenue, outperforming estimates by $602.5 million. EPS was recorded at $0.86, also exceeding analysts’ forecasts by $0.05.

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