Bernstein Lowers Comcast (CMCSA) Price Target, BofA Turns Bullish

Comcast Corporation (NASDAQ:CMCSA) is one of the 12 Best 5G Stocks to Invest in According to Hedge Funds. On January 15, Bernstein reduced its price target on Comcast Corporation (NASDAQ:CMCSA) from $34 to $32 and maintained its Market Perform rating.

The research firm noted that the industry is entering a new phase of competition. Bernstein pointed out that quarterly updates throughout 2025 showed worsening competitive dynamics, wiping out much of the gains telecom companies had made in the first half of the year. Cable companies continued to decline in the second half of 2025. Bernstein expects this intense competition to continue into 2026, with no signs of improvement.

Earlier, on January 12, BofA Securities upgraded its rating on Comcast Corporation (NASDAQ:CMCSA) from Neutral to Buy while noting that the company is nearing an opportunity to unlock value at NBCUniversal as consolidation picks up in the industry and investors take a fresh look at media assets.

BofA Securities raised its price target from $31 to $37 and pointed out that it is now valuing Comcast Corporation (NASDAQ:CMCSA) on a sum-of-the-parts basis. BofA argued that Comcast’s media assets have long been held back by a conglomerate discount, which the firm believes still weighs on the stock price. Additionally, BofA noted that AI adoption in content creation, marketing, and operations could help reduce costs and boost margins.

Comcast Corporation (NASDAQ:CMCSA) is an American media and technology company that is focused on telecommunications and entertainment. The company provides home internet services and telephone services in the US. Through its Xfinity Mobile service, it offers 5G coverage nationwide in the US.

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