Rosenblatt Rates Comcast (CMCSA) Buy, $31 Price Target
Key Points
- Rosenblatt reiterated its Buy rating on Comcast Corporation with a price target of $31 on October 19, 2026.
- Rosenblatt's $31 price target implies 41.55% upside from Comcast Corporation's ($CMCSA) current $21.90 share price.
- Comcast trades below its 50-day moving average of $24.18 with a trailing twelve-month revenue of $124.9 billion.
- The company offers an annual dividend rate of $1.32 per share, yielding 6.06% with a payout ratio of 42.6%.
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On October 19, 2026, Rosenblatt maintained its bullish stance on Comcast Corporation [CMCSA], keeping a Buy rating and a price target of $31.00. According to the research note, the firm left its target unchanged from its prior level of $31.00 as the stock traded around $21.90. This price target sits significantly above the recent market price, reflecting the firm's outlook on the telecom and media provider's valuation. Comcast closed at $21.90 on October 16, 2026.
CMCSA
Comcast Corporation
Rosenblatt vs. the S&P 500
Hypothetical returns from Rosenblatt's disclosed trades, not real profit or advice. How we model this.
Other Institutional Activity in Comcast Corporation
Other major institutional investors adjusted their positions in Comcast ahead of the rating update. Victory Capital Management grew its holdings by 525,134 shares, ending with 9,539,298 shares worth about $240.4 million. Discipline Wealth Solutions picked up 11,668 shares to hold a stake valued at approximately $253,892. Meanwhile, Truist Financial reduced its position by 54,361 shares, closing with 857,942 shares valued at roughly $21.2 million. Dodge & Cox Inc. also added to its holdings, growing its stake by 2.5% with an additional 2,793,800 shares for a total of 115,903,125 shares worth about $2.54 billion.
Comcast Corporation Stock Up 0.6%
Comcast shares recently traded around $21.90, remaining near the lower end of their 52-week range of $20.48 to $32.86. The stock trades below its 50-day moving average of $24.18 and its 200-day moving average of $26.40. The current price sits well below the analyst consensus mean price target of $28.63.
$CMCSA price target
Comcast Corporation daily closes and this analyst's $31 target. Not advice.
Recent Earnings
Comcast generated trailing twelve-month revenue of $124.9 billion with an earnings per share of $3.10. The company reported a net profit margin of 9.0% and a return on equity of 11.5%. Investors will look to the upcoming earnings report on October 22, 2026, for further insight into financial performance.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
2 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 5.1%. Revenue met estimates.
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Profit surprise
EBITDA missed by 3 percent. Operating income missed by 4 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
2 target raises.
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Earnings quality
Gross margin down 6.4 points. Operating margin down 5.8 points. Positive free cash flow.
Earnings Call Summary
Comcast reported first quarter revenue of $31.5 billion, up 11 percent year over year, beating consensus by $120 million. The company delivered earnings per share of $0.79, beating consensus of $0.73 by $0.06. Broadband customer losses improved significantly to 65,000 from 182,000 a year ago, marking the first improvement since late 2020. Wireless achieved record net additions of 435,000 lines, with nearly half coming from free line offers. Leadership highlighted strategic momentum from their restructured go-to-market approach, leveraging the Legendary February sports events to drive brand awareness and customer acquisition across connectivity products.
Guidance Management did not provide specific forward guidance for full year or next quarter. They stated expectations for continued broadband ARPU pressure in the second quarter but relief as the year exits. Peacock is expected to approach profitability in the second quarter. Free wireless lines will begin monetizing in the second half of the year, which should benefit convergence revenue growth.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Dividend
Comcast pays an annual dividend rate of $1.32 per share, which translates to a dividend yield of 6.06%. The company's dividend payout ratio stands at 42.6%, indicating that less than half of its earnings go toward shareholder payouts.
Insider Buying and Selling at Comcast Corporation
Company insiders executed share sales earlier in the year. Chief Executive Officer Michael J. Cavanagh sold 57,947 shares on February 11, 2026, at an average price of $32.66 for a total value of roughly $1.89 million. Chief Financial Officer Jason S. Armstrong sold 4,494 shares on March 5, 2026, at an average price of $31.74 for a total value of about $142,617.
Analysts Set New Price Targets
Wall Street firms have adjusted their views on Comcast over recent weeks. On September 25, 2026, Keybanc downgraded the stock to an Underweight rating with an $18.00 price target. Morgan Stanley maintained an Equal-Weight rating while lowering its target from $29.00 to $27.00 on September 28, 2026. Barclays kept an Equal-Weight rating and trimmed its target from $26.00 to $24.00 on September 29, 2026. Scotiabank maintained a Sector Perform rating while reducing its target from $29.00 to $27.50 on October 2, 2026. Overall, the stock carries a consensus hold rating from 22 analyst opinions.
About Comcast Corporation
Comcast Corporation operates as a global media and technology company. It provides broadband, wireless, and video services to residential and business customers alongside its entertainment networks, film studios, and theme parks. The firm's connectivity and media platforms serve millions of customers worldwide.
Bottom Line
Rosenblatt's decision to keep its $31 price target highlights a strong expected upside from current trading levels near $21.90. Market participants will watch the upcoming earnings release on October 22, 2026, to gauge whether business segments can support higher valuation targets.
Related Filing Alerts
Source: Rosenblatt's rating change on $CMCSA (Oct 19, 2026). Written by software, not financial advice. How we make alerts