Rosenblatt Lowers PT on Comcast (CMCSA) Stock

Comcast Corporation (NASDAQ:CMCSA) is one of the Most Undervalued Long Term Stocks to Buy Right Now. On June 5, Rosenblatt reduced its price objective on the company’s stock to $24 from $30 and maintained a “Neutral” rating. The firm noted the decline in the company’s stock price on a YTD basis, which the analyst believes was due to the tougher broadband market. Comcast Corporation (NASDAQ:CMCSA)’s stock declined by over ~13% on a YTD basis.

Rosenblatt Lowers PT on Comcast (CMCSA) Stock

As per the firm, there are 3 key factors that are impacting the broader broadband business. These include the post-pandemic fall in moving activity, limiting the opportunities to get new subscribers. The other 2 factors include the success of fixed wireless offerings from T-Mobile and other wireless telecom companies and growth from the fiber over-builders.

In a different release, Comcast Advertising, which is the advertising division of Comcast, announced a strategic partnership with Affinity Solutions.

Comcast Corporation (NASDAQ:CMCSA) conducts its operations as a media and technology company.

While we acknowledge the risk and potential of CMCSA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CMCSA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best FMCG Stocks to Invest In According to Analysts and 11 Best Long-Term Tech Stocks to Buy According to Analysts.

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