Schaeffer's Top Stock Picks for '25

Comcast Stock Sails to Record High After Latest Bull Note

The majority of analysts hold "buy" ratings on the stock

Jul 10, 2019 at 9:48 AM
facebook X logo linkedin


Comcast Corporation (NASDAQ:CMCSA) stock is up 2.4% to trade at $44.03 -- fresh off a record high of $44.13 -- after Goldman Sachs upgraded the media name to "buy" from "hold," and boosted its price target by $10 to $54 -- a more than 25% premium to last night's close. Analyst Brett Feldman said he expects CMCSA to "sustain double-digit growth ... over the next five years," amid steady increases in new broadband customers.

Analysts have been growing increasingly bullish on Comcast, with the vast majority of the 20 covering brokerages maintaining a "buy" or better rating on the stock, and not a single "sell" on the books. Plus, the average 12-month price target of $48.63 sits in uncharted territory.

Short sellers, meanwhile, have started to capitulate to the equity's upward momentum. Short interest fell 1.8% in the most recent reporting period. However, it would still take shorts more than four days to cover the remaining 69.73 million shares held by shorts, at CMCSA stock's average pace of trading. A continued round of short covering could keep the wind at the equity's back.

Looking closer at the charts, Comcast shares were already up more than 26% through Tuesday's close. More recently, the stock's 80-day moving average has served as a springboard, and a late-June bounce off this rising trendline has CMCSA up nearly 5% so far this month.

 
 

Which of These SUB-$5 Stocks Could 26x From Here? (AD)

He called a rare 11x on Tesla…

Then he called a 26x on Workhorse…

Then an even rarer 35x on Nio Inc…

Now Tim Bohen says these 5 tiny “America First” stocks are next up in 2025.

They’re trading for less than $5 right now.

But thanks to Elon & Trump’s new alliance…

They could be off to the races in Trump’s first 100 days.

And right now for a limited time…

You can get the names & tickers for just $1 here. (AD)

10 Stock Picks FREE
 
 

Featured Articles from Trusted Partners:

🚀 One Stock Pick Could Change Everything in 2025
What if one stock pick could define your success next year? Get 10 expert-vetted stocks set for 2025—plus 5 bonus picks to watch now. Get the Report →

🆕 New Options Need New Trading Strategies
Zero-DTE options are the newest (and hottest) options to trade.  Professional traders have rushed into the market and are making a mint.  Don’t get left behind - learn all about these options, how to trade them, market setups to profit from, plus much more. Download now →

👀 Revealed: 3 Defensive Stocks for Your Portfolio
Worried about the market? This free report reveals 3 under-the-radar defensive stocks for uncertain times in any kind of economy.

 

 
 

FREE Report Download

 

Follow us on X, Follow us on Twitter