Scotiabank Raises Comcast (CMCSA) Price Target, Maintains Sector Perform Rating

Comcast Corporation (NASDAQ:CMCSA) is one of the Best Non-Mega Cap NASDAQ Stocks to Buy Right Now. Scotiabank has nudged its price target on Comcast Corporation (NASDAQ:CMCSA) to $45 from $44.50, maintaining a Sector Perform rating on the stock. The adjustment reflects the bank’s cautious optimism toward the broader Telecom, Media, and Technology (TMT) space as macroeconomic pressures intensify.

A couple watching their favorite show on TV, enjoying the entertainment network service.

In a note to clients, Scotiabank analysts described the TMT sector as a “great place to hide” amid mounting global uncertainties, including slowing economic momentum and the impact of escalating tariff disputes. The firm sees companies like Comcast as relatively well-positioned to weather volatility, offering stability in a shifting landscape.

While financial performance across the sector is expected to hold steady, Scotiabank flagged potential softness in key subscriber metrics. The bank pointed to slowing population growth, largely attributed to reduced immigration, as a factor that may weigh on new customer acquisition, particularly in broadband and wireless segments.

Still, the firm sees Comcast’s diversified portfolio, which spans broadband, content, and theme parks, as a buffer against near-term pressures. The modest target increase reflects both confidence in Comcast’s earnings potential and caution over demographic headwinds.

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