Citigroup Boosts Comcast (NASDAQ:CMCSA) Price Target to $35.50

24 Apr 2026, 10:06 by Amy Steele · The Cerbat Gem

Comcast (NASDAQ:CMCSA – Get Free Report) had its target price hoisted by investment analysts at Citigroup from $33.00 to $35.50 in a research report issued on Friday,MarketScreener reports. The firm currently has a “buy” rating on the cable giant’s stock. Citigroup’s price objective points to a potential upside of 20.54% from the company’s current price.

A number of other research firms also recently issued reports on CMCSA. Pivotal Research downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Royal Bank Of Canada lifted their price target on shares of Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a report on Friday. Arete Research set a $23.00 price objective on shares of Comcast in a research note on Tuesday, January 6th. Bank of America upgraded Comcast from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $31.00 to $37.00 in a report on Monday, January 12th. Finally, Zacks Research raised Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Nine investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $35.13.

Get Our Latest Stock Analysis on Comcast

Comcast Trading Down 6.9%

NASDAQ CMCSA traded down $2.19 during trading hours on Friday, hitting $29.45. 3,732,290 shares of the company’s stock were exchanged, compared to its average volume of 32,797,797. The business’s 50 day moving average is $29.81 and its 200-day moving average is $29.11. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. Comcast has a 12-month low of $25.75 and a 12-month high of $36.66. The firm has a market capitalization of $105.96 billion, a P/E ratio of 5.49, a price-to-earnings-growth ratio of 2.44 and a beta of 0.80.

Comcast (NASDAQ:CMCSA – Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating the consensus estimate of $0.73 by $0.06. The company had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The firm’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 EPS. As a group, analysts anticipate that Comcast will post 3.46 EPS for the current fiscal year.

Insider Activity

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the sale, the chief executive officer owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.32% of the stock is owned by insiders.

Institutional Trading of Comcast

A number of institutional investors have recently added to or reduced their stakes in CMCSA. Rexford Capital Inc. increased its holdings in Comcast by 6.3% in the 1st quarter. Rexford Capital Inc. now owns 9,734 shares of the cable giant’s stock valued at $279,000 after purchasing an additional 579 shares in the last quarter. Severin Investments LLC acquired a new position in shares of Comcast during the first quarter worth about $225,000. Impact Partnership Wealth LLC purchased a new stake in shares of Comcast in the first quarter worth about $443,000. Premier Path Wealth Partners LLC boosted its position in shares of Comcast by 18.4% in the first quarter. Premier Path Wealth Partners LLC now owns 49,567 shares of the cable giant’s stock worth $1,423,000 after buying an additional 7,716 shares during the period. Finally, Granite Harbor Advisors Inc. grew its stake in shares of Comcast by 14.3% in the first quarter. Granite Harbor Advisors Inc. now owns 7,849 shares of the cable giant’s stock valued at $225,000 after buying an additional 979 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast News Summary

Here are the key news stories impacting Comcast this week:

Positive Sentiment: Q1 financial beat — Comcast reported adjusted EPS of $0.79 vs. $0.73 expected and revenue of $31.46B (vs. ~$30.4B est.), driven by advertising and content strength. This is the principal catalyst for the rally as top- and bottom-line beats reduce short-term uncertainty. Comcast beats estimates on sports boost, easing broadband losses
Positive Sentiment: Sports-driven ad spike and content momentum — incremental ad revenue from the Milan Cortina Winter Olympics and Super Bowl LX materially boosted the Content segment and helped revenue growth. Winter Olympics and Super Bowl power Comcast’s Q1 ad sales spike
Positive Sentiment: Connectivity trends improving — domestic residential broadband net losses narrowed (to ~65k) and Comcast added a large number of wireless lines (record mobile additions), signaling stabilization in core subscriber trends that investors view as a turning point. Comcast beats revenue, earnings expectations as broadband losses improve
Positive Sentiment: Peacock and wireless monetization outlook — management expects Peacock to approach profitability next quarter and anticipates converting the majority of free wireless lines to paid in 2H 2026, suggesting future margin improvement. Comcast anticipates converting the significant majority of free wireless lines to paid in 2H
Neutral Sentiment: New wireless plans / product expansion — Xfinity Mobile launched premium plans (Mobile Plus, Mobile Select) that could help ARPU and customer retention, but impact will be gradual. Xfinity Mobile Launches Mobile Plus and Mobile Select
Neutral Sentiment: Valuation debate — DCF / P/E analyses have suggested potential upside versus the market price, which supports buy-side interest but depends on execution (broadband stabilization, Peacock profitability). Is Comcast (CMCSA) Offering Value After DCF And P/E Suggest Large Upside To Fair Value?
Negative Sentiment: Longer-term subscriber pressure and share drag — despite improvement this quarter, Comcast’s stock has been pressured by a year-long decline tied to persistent broadband subscriber losses; investors will watch whether the improvement sustains. Comcast Stock Is in a Slump. Earnings Must Show Its Subscriber Exodus Is Slowing.
Negative Sentiment: Insider/institutional flows — recent filings show notable institutional position changes and some insider selling; while not unusual, these actions can weigh on sentiment if execution slips. Comcast shares jump as Q1 results top expectations and broadband losses improve

About Comcast

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Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.