On Nov 05, major Wall Street analysts update their ratings for $Charter Communications (CHTR.US)$, with price targets ranging from $315 to $525.
Morgan Stanley analyst Benjamin Swinburne maintains with a hold rating, and adjusts the target price from $360 to $415.
J.P. Morgan analyst Sebastiano Petti maintains with a hold rating, and adjusts the target price from $385 to $400.
BofA Securities analyst Jessica Reif Ehrlich upgrades to a buy rating, and adjusts the target price from $385 to $450.
Barclays analyst Kannan Venkateshwar maintains with a sell rating, and adjusts the target price from $300 to $315.
UBS analyst John Hodulik maintains with a hold rating, and adjusts the target price from $325 to $385.
Furthermore, according to the comprehensive report, the opinions of $Charter Communications (CHTR.US)$'s main analysts recently are as follows:
The firm maintains a Neutral stance on Charter shares, citing ongoing competition and projections for decelerating EBITDA growth by 2025. The expectation is for consistent EBITDA growth in the fourth quarter, as positive effects from price hikes and profitable political advertising may be somewhat neutralized by the impact of hurricanes. Looking ahead to 2025, the landscape is anticipated to become more difficult as the influence of political advertising recedes and competitive challenges persist.
The firm anticipates that Charter's customer trends in 2025 will exceed those in 2024, providing a tailwind for the company. The extent of this positive impact will hinge on Charter's capacity to slightly raise its adjusted EBITDA growth, potentially transforming its leverage from a risk to a favorable investment aspect.
Charter's Q3 results exceeded expectations in terms of subscriber metrics and financial performance. The management has indicated that there will be an estimated 100K ACP internet losses in Q4, which they believe will be the final one-off effect stemming from the ACP funding unwind.
Backing out seasonal or one-time benefits reveals a significant improvement in underlying broadband net additions. The expectation is that momentum will accelerate due to the appealing pricing and bundling of the newly introduced 'Life Unlimited' marketing strategy. Additionally, there is a notable moderation in capital expenditure forecasts, and management's indication that BEAD spending will be 'substantially less' than RDOF expenditure considerably mitigates the risk associated with projections for the upcoming years.
The outlook for Charter has improved, with expectations for increased net additions and financials. Additionally, more pessimistic scenarios regarding subscribers and free cash flow are now considered less likely. Despite these improvements, a full structural reevaluation is not supported at this time due to the ongoing unpredictability in broadband trends.
Here are the latest investment ratings and price targets for $Charter Communications (CHTR.US)$ from 10 analysts:
Note:
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