Charter (CHTR) Target Raised by UBS Despite Broadband Growth Concerns

Charter Communications, Inc. (NASDAQ:CHTR) ranks among the best forever stocks to invest in. John Hodulik, a UBS analyst, maintained a Neutral rating on Charter Communications, Inc. (NASDAQ:CHTR) on June 18 while raising the stock’s price target from $400 to $425. According to the analyst, the company expects seasonality, ramping fiber development, and ongoing competition from fixed wireless access to negatively impact its cable broadband results in Q2.

UBS expects data ARPU growth to continue at a similar rate in Q2, though it expects a slowdown in the second half as Charter Communications, Inc. (NASDAQ:CHTR) crosses July pricing increases and anniversaries 2-year guarantees.

Charter Communications, Inc. (NASDAQ:CHTR) is a renowned cable and internet company that serves both residential and commercial clients. Spectrum, its leading brand, provides residential and corporate customers with high-speed internet, cable TV, home phone, and mobile services.

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Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

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