Comcast Stock: Buy, Sell, or Hold?
With talks of a bull market on the way, some investors might be wondering which sectors are worth exploring. Streaming stocks were fruitful during the worst days of the COVID-19 pandemic when people found themselves spending more time at home than they might otherwise have liked. Of course, in the post-pandemic environment, many of those same companies have seen their valuations drop, due in part to high interest rates and a softening of the advertising market.
Despite the challenges, some entertainment companies might still be primed for growth but could also cause investors to pause for thought. One such stock is Comcast (NASDAQ: CMCSA), a seemingly undervalued company that also has a key asset with an uncertain future and a division that is performing very well. Let's break down what's going on and just how an investor might want to approach its stock.
According to Statista, Hulu generated almost $2.5 billion in 2020, making it the most successful ad-supported video-on-demand (AVOD) service operating across North America. The analytics firm projects Hulu will continue to dominate the AVOD space for a while yet, estimating the platform will exceed $5 billion in revenue by the end of 2024. That outpaces its nearest rival, Peacock, which is owned by Comcast subsidiary NBCUniversal.
Source Fool.com
Comcast Corp. Stock
We see a rather positive sentiment for Comcast Corp. with 18 Buy predictions and 1 Sell predictions.
As a result the target price of 44 € shows a positive potential of 22.29% compared to the current price of 35.98 € for Comcast Corp..
