Evercore ISI Reduces PT on Comcast (CMCSA) Stock

Comcast Corporation (NASDAQ:CMCSA) is one of the Best Low Priced Stocks to Buy According to Analysts. On October 31, Evercore ISI reduced the price target on the company’s stock to $35 from $40, while keeping an “Outperform” rating, as reported by The Fly.

As per the analyst, Comcast Corporation (NASDAQ:CMCSA)’s strategic transition in the broadband pricing and customer experience has now started to yield results, despite the increased competition. Furthermore, the firm highlighted that the expected fall in C&P EBITDA is more pronounced than anticipated, and broadband ARPU growth continues to slow.

Elsewhere, Comcast Corporation (NASDAQ:CMCSA) highlighted that it has been taking deliberate steps to strengthen its broadband foundation and ramp up wireless as a strong growth engine, adding a record 414,000 wireless lines in Q3 2025, highlighting the value of its converged offerings.

The rollout of its new everyday pricing structure at June end, along with the success of its free wireless line offer, resulted in a deceleration in the broadband ARPU growth. As Comcast Corporation (NASDAQ:CMCSA) transitions its customers to more consistent pricing and ramps up the free wireless line additions, it anticipates ARPU growth to step down by over 1 point in Q4 2025.

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Disclosure: None. This article is originally published at Insider Monkey.