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Morgan Stanley Lowers Comcast (CMCSA) Target Amid Shifts in Wireless and Fiber Outlook

Comcast Corporation (NASDAQ:CMCSA) is included among the 11 Best Low Priced Dividend Stocks to Buy According to Analysts.

Photo by NeONBRAND on Unsplash

Morgan Stanley analyst Benjamin Swinburne on December 10 cut his price target on Comcast Corporation (NASDAQ:CMCSA) to $31 from $32 but maintained an Equal Weight rating. He pointed out that fixed wireless net additions could pick up in 2026 as AT&T widens its reach, while fiber growth is expected to stay strong. With that backdrop, he slightly lowered his target on Comcast’s shares.

Separately, Comcast Corporation (NASDAQ:CMCSA)’s Xfinity unit announced on December 10 that it is rolling out new national video plans with all-in pricing. The goal is to make things simpler and more transparent for customers while offering solid value. The plans are open to both new and existing customers and include an X1 4K TV box and Comcast’s award-winning voice remote, making it easier to find and watch content across platforms. When paired with Xfinity’s new national Internet plans, which now include a year of unlimited mobile service, customers could save over $70 a month for a year compared to AT&T and Verizon.

Steve Croney, Chief Operating Officer and incoming Chief Executive Officer, Connectivity & Platforms, Comcast, made the following comment:

“Like we did with Xfinity Internet, we’ve simplified and reimagined our video packages, making it easy and hassle-free for our customers to enjoy great content on the best and most innovative entertainment experience.”

Comcast Corporation (NASDAQ:CMCSA) is one of the leading US players in media, entertainment, and communications, offering services across several well-known brands.

While we acknowledge the potential of CMCSA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CMCSA and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 15 Best Stocks to Buy for the Long Term and 11 Worst Performing Dividend Stocks Year-to-Date.

Disclosure: None.

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  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
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