Comcast Earnings Momentum And Capital Returns Strengthen Investment Case
Summary
I maintain my Buy rating on Comcast, as strong broadband, mobile, and digital growth offset cable TV declines, supportin...
I maintain my Buy rating on Comcast, as strong broadband, mobile, and digital growth offset cable TV declines, supporting robust free cash flow and shareholder returns. Q2 2025 results exceeded expectations: adjusted EPS rose 3%, free cash flow hit $4.5B, and strategic initiatives are driving sustainable profit growth. Comcast remains deeply undervalued, trading at a significant discount to peers and historical averages; my DCF and multiples analysis supports a $42 target price (+24% upside).