Comcast Target Cut to $35, BofA Projects Rising Broadband Losses

BofA Securities lowered its price target for Comcast Corp. to $35 from $37 while maintaining a Buy rating. The firm now projects 130,000 broadband subscriber losses for the third quarter of 2026, up from its previous estimate of 90,000.

Analysts also revised estimates for wireless net additions downward. This follows a separate price target cut by UBS to $27, which cited concerns over slowing growth in key business segments.

Separately, Comcast is seeking to protect an $83.1 million claim in the DISH Wireless bankruptcy proceedings. The claim stems from a fiber backhaul agreement.