Bernstein Remains Optimistic on Charter Communications (CHTR) Ahead of Q3 2025 Earnings Release

Charter Communications, Inc. (NASDAQ:CHTR) is one of Warren Buffett’s 10 Stock Picks with the Strongest Upside Potential. On October 15, Bernstein retained its Buy rating on Charter Communications, Inc. (NASDAQ:CHTR), keeping the price target at $350.

Laurent Yoon from Bernstein remains positive on CHTR ahead of the company’s Q3 2025 earnings release on October 31. Wall Street expects the company to post average adjusted earnings per share of $9.29 and revenue of around $13.75 billion. The earnings are projected to increase by 3.87% year-over-year, while sales are expected to remain flat compared to the previous year.

The company still faces a decline in Internet customers, having lost around 117,000 in Q2. The higher levels of non-pay Internet churn continue to impact results as the operating environment remains competitive. However, Charter Communications’ long-term Mobile Virtual Network Operator partnership with T-Mobile can significantly boost the growth of its Spectrum Mobile and offer a tailwind to FCF growth. On October 10, Spectrum revealed ‘The Spectrum App Store’ that allows users to activate, upgrade, and manage major streaming apps. Spectrum is collaborating with Apple to offer live Lakers games in Apple Immersive for Apple Vision Pro.

As of October 21, Charter Communications, Inc.’s (NASDAQ:CHTR) average price target of $355, based on analysts’ estimates, implies an upside of approximately 40.58% from current levels. Since July 1, 2025, CHTR has dropped over 38%, after failing to meet analyst expectations in Q2 and experiencing losses in Internet subscribers.

Oakmark Equity and Income Fund, advised by Harris Associates, commented the following regarding Charter Communications, Inc. (NASDAQ:CHTR) in its third quarter 2025 investor letter:

“Charter Communications, Inc. (NASDAQ:CHTR) was the top detractor during the quarter. The broadband leader’s stock price declined after it reported weak second-quarter earnings. Year-over-year earnings before interest, tax, depreciation, and amortization were flat, and the closely watched decline in broadband subscriptions fell at a greater pace than anticipated. However, broadband average revenue per user (ARPU) growth accelerated, reaffirming one of the core points of our thesis. We expect continued near-term volatility in subscriber results but believe the company’s high-capacity network is well positioned to compete over the long term.”

Charter Communications, Inc. (NASDAQ:CHTR) is a leading broadband connectivity and cable operator. The company serves residential and commercial customers in the U.S. through its Spectrum brand.

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Disclosure: None. This article is originally published at Insider Monkey.