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Comcast price target cut to $27.50 amid rising competition and 12-year low stock price

Market News
02 Oct 2026
Alex Lavoie
View Source
Bearish
Comcast price target cut to $27.50 amid rising competition and 12-year low stock price

Scotiabank has lowered its price target for Comcast from $29.00 to $27.50 as the stock faces significant challenges, including a 12-year low trading price and increased competition from services like Starlink. Comcast's share price has dropped 58% since its pandemic peak, pushing its dividend yield above 6%, an all-time high. The pressure from new internet providers and industry trends raises concerns about Comcast's future earnings. Investors should note the upcoming dividend qualification date of October 7 and consider the competitive landscape when evaluating the stock.

Comcast (CMCSA) trades at USD 21.54 on Pluang as of Oct 02, 2026 22:41 WIB, with a dividend yield of 6.07% and a market cap of $77.01 billion. Despite the stock facing competitive pressures and a lowered price target, Pluang investors show a strong buying interest with 77% of order activity on the buy side. The typical hold time on Pluang is 93 days, indicating moderate-term investor engagement.

More News (CMCSA)

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