share_log

Benchmark Co. Maintains Charter Communications(CHTR.US) With Buy Rating, Raises Target Price to $450

Futu News ·  05:33  · Ratings

Benchmark Co. analyst Matthew Harrigan maintains $Charter Communications (CHTR.US)$ with a buy rating, and adjusts the target price from $440 to $450.

According to TipRanks data, the analyst has a success rate of 52.7% and a total average return of -1.9% over the past year.

AnalystRecentRatingAutoNews_206692_20241105_89600e605d9f0f32b376a52c61aaaab681c44871_1730842282584768_nn_en

Furthermore, according to the comprehensive report, the opinions of $Charter Communications (CHTR.US)$'s main analysts recently are as follows:

  • The expectations for Charter to experience slowing EBITDA growth in 2025 are maintained due to ongoing competition. It is anticipated that Charter will show similar EBITDA growth in Q4 as the advantages of price increases and high-margin political advertisements are likely to be balanced by the impacts of the hurricane. Nevertheless, a more challenging environment is foreseen for the year 2025 as the influence of political advertising diminishes and competitive pressures persist.

  • The expectation is that Charter's customer trends will improve by 2025 compared to 2024, acting as a tailwind. The extent of this positive impact is contingent on Charter's potential to incrementally raise its adjusted EBITDA growth. This growth is crucial in transforming its leverage from being perceived as an investment risk to becoming an investment positive.

  • The company's Q3 results surpassed consensus expectations in terms of both subscriber metrics and financials. Additionally, management indicated a projection of 100K ACP internet losses in Q4, which is expected to be the final one-time effect resulting from the ACP funding unwind.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment