Morgan Stanley Raises Comcast (CMCSA) Price Target Following Impressive Q1 Results

With an annual dividend yield of 4.80%, Comcast Corporation (NASDAQ:CMCSA) is included among the 10 Best Fortune 500 Dividend Stocks to Invest in Right Now.

Comcast Corporation (NASDAQ:CMCSA) delivers industry-leading broadband, mobile, and entertainment platforms that power incredible experiences for customers globally.

On April 24, Morgan Stanley analyst Sean Diffley raised the firm’s price target on Comcast Corporation (NASDAQ:CMCSA) from $31 to $33, while maintaining an ‘Equal Weight’ rating on the shares. The target boost represents an upside of 20% from the current price levels.

Comcast Corporation (NASDAQ:CMCSA) reported better-than-expected Q1 2026 results on April 23, with the company exceeding estimates in both earnings and revenue. A blockbuster sports lineup helped boost the firm’s subscriber growth and engagement, while its core ‌broadband business shed fewer customers than initially expected.

According to Morgan Stanley, Comcast Corporation (NASDAQ:CMCSA) shares reacted positively to the “less-bad” broadband losses, along with signs that the company’s new go-to-market strategy is gaining traction. This includes the strong wireless additions, as Comcast delivered the best wireless net additions of any quarter in its history. Moreover, the analyst firm highlighted Peacock, which is slowly making its way towards profitability, as well as the company’s openness to strategic possibilities. However, Morgan Stanley expressed concerns regarding the “intense” competition in the broadband business.

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