Rosenblatt Rates Comcast (CMCSA) Buy, $31 Price Target
Key Points
- Rosenblatt maintained a Buy rating and a $31.00 price target on Comcast Corporation on October 23, 2026.
- Rosenblatt's $31 price target implies 34.43% upside from Comcast Corporation's ($CMCSA) current $23.06 share price.
- Shares recently traded around $23.06, sitting below both the 50-day moving average of $23.87 and the 200-day moving average of $26.26.
- The telecom provider carries a consensus hold rating from 22 analysts alongside an annual dividend rate of $1.32 per share.
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On October 23, 2026, Rosenblatt reaffirmed its Buy rating on Comcast Corporation (NasdaqGS: CMCSA), keeping its price target steady at $31.00. The research note provides a forward-looking view on the media and technology provider, standing above the broader analyst consensus as the stock trades in the lower half of its 52-week range. Comcast closed at $22.84 on October 22, 2026.
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Comcast Corporation
Rosenblatt vs. the S&P 500
Hypothetical returns from Rosenblatt's disclosed trades, not real profit or advice. How we model this.
Rosenblatt's Call on Comcast Corporation
In its research note issued on October 23, 2026, Rosenblatt maintained its Buy rating on the telecom provider and kept its price target at $31.00. The call aligns with the firm's recent coverage across the broader technology and communication sectors.
Other Institutional Activity in Comcast Corporation
Dodge & Cox Inc. grew its holdings by 2,793,800 shares, ending with 115,903,125 shares worth about $2,647,227,392.
Comcast Corporation Stock Up 4.4%
Comcast Corporation recently traded around $23.06 as of October 23, 2026, up about 1.0% since its prior close of $22.84 on October 22, 2026. The stock sits below its 50-day moving average of $23.87 and beneath its 200-day moving average of $26.26. Shares rest 29.8% below their 52-week high of $32.86 and 12.6% above their 52-week low of $20.48. The current price sits 18.7% below the average analyst price target of $28.38 and 25.6% below Rosenblatt's target. The company has a P/E ratio of 7.23 and a forward P/E ratio of 6.43.
$CMCSA price target
Comcast Corporation daily closes and this analyst's $31 target. Not advice.
Recent Earnings
Comcast Corporation reported trailing twelve month revenue of $123.0 billion and earnings of $3.16 per share. The company posted a net profit margin of 9.2% and a return on equity of 11.4% with a year-over-year revenue growth decline of 6.1%. Investors will look toward the upcoming earnings report on January 28, 2027 for further financial updates.
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 Corporation pays an annual dividend rate of $1.32 per share, giving the stock a dividend yield of 5.78% with a payout ratio of 41.8%.
Insider Buying and Selling at Comcast Corporation
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 $1,892,549. 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 $142,617.
Analysts Set New Price Targets
Morgan Stanley maintained an Equal-Weight rating with a $27.00 price target on September 28, 2026. Barclays maintained an Equal-Weight rating with a $24.00 price target on September 29, 2026. Scotiabank maintained a Sector Perform rating with a $27.50 price target on October 2, 2026. Rosenblatt maintained a Buy rating with a $31.00 price target on October 19, 2026. Across Wall Street, the stock carries a consensus hold rating from 22 analysts, with a mean price target of $28.38.
About Comcast Corporation
Comcast Corporation operates as a media and technology company worldwide through residential connectivity, business services, media, studios, and theme parks platforms.
Bottom Line
Rosenblatt's steady stance on Comcast Corporation highlights confidence in the telecom firm despite broader valuation pressures. Investors will look toward the upcoming earnings report on January 28, 2027 for further insight into the company's financial trajectory.
Related Filing Alerts
Source: Rosenblatt's rating change on $CMCSA (Oct 23, 2026). Written by software, not financial advice. How we make alerts