Comcast shares slide as analysts cut price targets amid broadband competition
Comcast (CMCSA) stock fell about 3% on Oct. 26, 2026 after multiple analysts lowered their price targets. Morgan Stanley reduced its target to $27 from $29, Barclays to $24 from $26, and Bernstein to $23 from $28, citing pressure from SpaceX’s broadband and wireless expansion and weakening broadband subscriber growth. The company reported quarterly revenue of roughly $29 billion, EBITDA of $9.1 billion and free cash flow of $4.2 billion, but carries over $83 billion of debt.
Why it matters
The target cuts signal a bearish outlook from the sell‑side, which may pressure the stock further and affect valuation multiples for investors. The high debt level combined with slower growth prospects could limit upside for dividend‑focused shareholders.
Key facts
- 1Comcast shares fell 3.2% on Oct. 26, 2026. timothysykes.com
- 2Morgan Stanley cut its price target from $29 to $27. timothysykes.com
- 3Barclays trimmed its price target from $26 to $24. timothysykes.com
- 4Bernstein reduced its price target from $28 to $23. timothysykes.com
- 5Quarterly revenue was $29.3 billion. timothysykes.com
- 6EBITDA was $9.1 billion. timothysykes.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.