Comcast Corp. (CMCSA) Earns Buy Rating and Higher Price Target from TD Cowen

Comcast Corp. (NASDAQ:CMCSA) has reported better-than-expected Q2 results, prompting TD Cowen analyst Gregory Williams to reiterate his Buy rating and raise the price target to $46 from $45. The company's broadband business is showing stability, and its diversified growth is driven by several business lines, including broadband, mobile, and streaming operations. Williams believes these areas will sustain revenue growth over the coming years.

Comcast Corp. (NASDAQ:CMCSA) has reported better-than-expected Q2 results, prompting TD Cowen analyst Gregory Williams to reiterate his Buy rating and raise the price target to $46 from $45. The company's broadband business is showing stability, and its diversified growth is driven by several business lines, including broadband, mobile, and streaming operations. Williams believes these areas will sustain revenue growth over the coming years [1].

The company reported a Q2 EPS of $1.25, exceeding estimates, with revenues totaling $30.31 billion, which is a 2.1% year-over-year increase. Additionally, Comcast declared a quarterly dividend of $0.33 per share, representing a 4.1% annual yield [1].

Ironwood Investment Counsel LLC, one of the major institutional investors, increased its stake in Comcast by 10.0%, owning 133,468 shares worth about $4.93 million as of the latest SEC filing [1]. This indicates a strong confidence in Comcast's growth prospects among institutional investors.

Despite the positive financial results, Comcast's share price fell by 2.61% during the past week, coinciding with a broader tech stock rally led by Apple. This short-term decline contrasts with Comcast's longer-term performance, marked by a 13.03% decline in total shareholder return over three years [2]. The recent broadband expansion in McDuffie County, Georgia, though positive for digital access, may have added weight to the decline in Comcast's stock price amidst the broader upward market movement [2].

Analysts have set a price target of US$39.77, which is a 25.57% premium to the current share price of US$31.67, implying growth potential. However, the mixed analyst sentiment suggests a cautious market outlook as investors weigh Comcast's strategic moves against broader industry pressures [2].

References
[1] https://www.marketbeat.com/instant-alerts/filing-comcast-corporation-nasdaqcmcsa-shares-purchased-by-ironwood-investment-counsel-llc-2025-08-07/
[2] https://finance.yahoo.com/news/comcast-cmcsa-completes-high-speed-171707392.html