Bank of America Raises Charter Communications Price Target to $500, Maintains Buy Rating

Bank of America Securities raised the price target for Charter Communications (CHTR) to $500 from $450, maintaining a Buy rating. Analyst Jessica Reif Ehrlich expects improvements in broadband subscriber losses, driven by the Affordable Connectivity Program and Spectrum Life Unlimited. The introduction of a new seamless video offering and expansion into rural areas are expected to increase subscriber numbers and reduce churn.

Charter Communications (CHTR) has seen its price target raised to $500 by Bank of America Securities, up from the previous target of $450. The investment bank maintains a Buy rating on the stock, citing improvements in broadband subscriber losses and expansion into rural areas as key drivers of growth.

Analyst Jessica Reif Ehrlich at Bank of America expects the Affordable Connectivity Program and Spectrum Life Unlimited to contribute to reduced broadband subscriber losses. Additionally, the introduction of a new seamless video offering and expansion into rural areas are anticipated to increase subscriber numbers and reduce churn.

Charter Communications reported earnings of $8.42 per share for the quarter ending April 25, 2025, missing analysts' consensus estimates of $8.70. However, revenue reached $13.7 billion, exceeding forecasts. The company's strong mobile performance stood out, with 514,000 new lines added, driven by promotional tactics such as the "free mobile line" campaign and attractive bundled service offerings.

Institutional investors have also shown interest in Charter Communications, with hedge funds and other institutional investors owning 81.76% of the company's stock. Recently, several investment firms have upgraded their ratings on Charter Communications, reflecting optimism about the company's future prospects.

Charter Communications is expected to report its Q2 earnings on July 25, 2025, before the market opens. Analysts expect the company to report a profit of $10.05 per share, up 18.4% from the year-ago quarter. For the current year, analysts expect EPS of $39.52, up 13% from the previous year.

Charter Communications, Inc. operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services, a suite of broadband connectivity services, including fixed internet, WiFi, and mobile, and advanced WiFi services.

References:
[1] https://www.marketbeat.com/instant-alerts/charter-communications-nasdaqchtr-given-new-50000-price-target-at-bank-of-america-2025-07-01/
[2] https://www.barchart.com/story/news/33262808/here-s-what-to-expect-from-charter-communications-next-earnings-report
[3] https://www.ainvest.com/news/oakmark-global-select-fund-q3-2023-highlights-charter-communications-strong-performance-2507/
[4] https://corporate.charter.com/newsroom/spectrum-expands-gigabit-broadband-in-gibson-county-indiana