Bernstein Cuts Comcast (CMCSA) Target to $32, Keeps Market Perform Amid Rising Competition

Comcast Corporation (NASDAQ:CMCSA) is included among the 15 Best High Yield Stocks to Buy.

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On January 16, Bernstein lowered its price target on Comcast Corporation (NASDAQ:CMCSA) to $32 from $34. The firm maintained a Market Perform rating on the stock, stating that the industry appears to be entering a new phase of competition, and the trend has become increasingly challenging with each passing quarter. Bernstein noted that throughout 2025, competitive conditions steadily worsened, wiping out much of the gains telecom players had made earlier in the year, while cable operators continued to lose ground through the second half. The firm expects that elevated competitive pressure will likely carry into 2026, especially given recent strategic moves across the space, with little sign of near-term relief.

Separately, CNBC reported another major development tied to Comcast’s restructuring efforts. Versant Media Group, the portfolio of cable networks and digital assets that Comcast spun off, officially joined the small group of publicly traded media companies earlier in January. Versant began trading on the Nasdaq under the ticker “VSNT,” opening at $45.17 per share.

This move traces back to November 2024, when Comcast announced plans to separate most of NBCUniversal’s cable networks. That group includes MS Now (formerly MSNBC), CNBC, Golf Channel, USA, E!, Syfy, and Oxygen, along with digital brands such as Fandango, Rotten Tomatoes, GolfNow, and Sports Engine.

Comcast Corporation (NASDAQ:CMCSA) is a global media and technology giant, delivering broadband, wireless, and video services through brands like Xfinity, Comcast Business, and Sky, while also producing and distributing entertainment, sports, and news across multiple platforms.

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