A Bull Market Is Coming: 1 Reason to Buy Comcast Stock
With many anticipating a bull market, investors might be looking for sectors that could offer fresh growth. Streaming stocks thrived during the worst months of the pandemic, but many of these companies have since seen a dip in their valuations, partly because of high interest rates, a weakened advertising market, and a maturing industry.
Despite these challenges, (NASDAQ: CMCSA) is one entertainment company that might just have unlocked a unique area of growth. Let's delve into the details.
When Comcast launched its Peacock streaming platform in 2020, the company offered Peacock Premium free to its 32 million Xfinity Internet customers. It's unknown how many took it up on the offer, but they were getting something that non-Xfinity customers had to pay $4.99 a month for. Comcast has recently made changes to the offering, and it could lead many of those Xfinity users to start paying for Peacock content.
Source Fool.com
Comcast Corp. Stock
With 19 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 45 € there is a positive potential of 21.79% for Comcast Corp. compared to the current price of 36.95 €.
