Barclays Lowers Comcast Price Target to $34.00, Maintains 'Equal-Weight' Rating

Barclays analyst Kannan Venkateshwar has lowered Comcast's price target to $34.00 from $35.00, a 2.86% decrease. The investment firm maintains its "Equal-Weight" rating on the stock. Analysts' historical ratings for Comcast have included Rosenblatt maintaining a "Neutral" rating and raising the price target from $36.00 to $37.00, an 8.11% increase. The average brokerage recommendation is 2.5, indicating "Outperform" status. The estimated GF Value for Comcast in one year is $45.58, suggesting a 37.17% upside from the current price.

Barclays analyst Kannan Venkateshwar has revised Comcast's (CMCSA) price target to $34.00, a 2.86% decrease from the previous $35.00. The investment firm maintains its "Equal-Weight" rating on the stock, indicating a neutral stance. This move comes amidst broader market downturns and escalating trade tensions [1].

In the second quarter of 2025, Comcast reported robust earnings with sales of $30,313 million and net income of $11,123 million. However, the company's stock experienced a 4% decline over the last quarter, reflecting market reactions to macroeconomic factors. Despite this, Comcast affirmed a $0.33 dividend per share and continued its aggressive stock repurchase program, buying back 49 million shares [1].

Analysts' ratings for Comcast have varied. Rosenblatt maintained a "Neutral" rating and raised the price target from $36.00 to $37.00, an 8.11% increase. The average brokerage recommendation is 2.5, indicating an "Outperform" status. The estimated GF Value for Comcast in one year is $45.58, suggesting a 37.17% upside from the current price [2].

The broader market experienced downturns due to weak job data and trade tensions, which may have contributed to Comcast's stock performance. The company faces challenges in broadband and wireless services, theme parks, and media segments, which could pressure revenue and earnings growth forecasts [1].

The illiquidity premium on investment-grade bonds has nearly vanished, driven by a boom in electronic and portfolio trading. This shift could lower funding costs for smaller public issuers, as investors begin to price in stronger market liquidity [2].

Investors should consider these forecasts and reach their own conclusions based on Comcast's strategic investments and growth areas.

References:
[1] https://simplywall.st/stocks/us/media/nasdaq-cmcsa/comcast/news/comcast-cmcsa-announces-us033-dividend-in-q2-with-strong-ear
[2] https://www.bloomberg.com/news/articles/2025-08-01/barclays-says-credit-liquidity-premium-gone-as-e-trading-thrives