Top 5 Income Stocks with the Highest Upside Potential

2. Comcast Corporation (NASDAQ:CMCSA)

Analayt Upside Potential: 35.2%

On June 12, Freedom Broker initiated coverage of Comcast Corporation (NASDAQ:CMCSA) with a Hold rating. It also set a $29 price target on the shares. The analyst noted that Comcast remains the largest broadband provider in the United States. In a research note, the firm said a broadband pricing reset is likely to put pressure on the company’s near-term average revenue per user and EBITDA. At the same time, Freedom Broker believes the move could help stabilize customer churn and rebuild lifetime value over the next 12 to 18 months. The firm added that Comcast’s “strong assets are offset by limited earnings visibility.”

On June 5, Rosenblatt lowered its price recommendation on Comcast to $24 from $30. It reiterated a Neutral rating on the shares. According to the analyst, a new concern for investors is broadband subscriber competition from Starlink, particularly with a potential SpaceX initial public offering on the horizon. The firm said that while this threat “seems unlikely to be really noticeable,” it still sees limited potential for a near-term re-rating of Comcast shares in the current environment.

Comcast Corporation (NASDAQ:CMCSA) is a global media and technology company. It provides broadband, wireless, and video services through Xfinity, Comcast Business, and Sky. The company also produces, distributes, and streams entertainment, sports, and news content through several brands.