Why does UBS expect improved content EBITDA in Q2?

Due to fewer NBA games and playoff marketing costs, reducing content expenses.

When does Comcast expect Peacock to become profitable?

Peacock is approaching profitability, but no exact timeline has been given.

UBS Reaffirms Comcast (CMCSA) Neutral Rating with $32 Target

UBS reaffirmed its Neutral rating on Comcast (CMCSA) with a $32 price target on June 23, forecasting Q2 results to show lower connectivity EBITDA but improved content EBITDA and Peacock approaching profitability.

July 1, 2026

1 min read

Source: Insider Monkey

Key Numbers

price target

$32

rating

Neutral

UBS Investment Bank reaffirmed its Neutral rating on Comcast Corporation (NASDAQ:CMCSA) on June 23, with a $32 price target. Analysts expect second-quarter results to show greater connectivity EBITDA reductions, while content improves due to fewer NBA games, playoff marketing, and Peacock approaching profitability.

Analyst Rationale

UBS sees Comcast's broadband strategy facing competitive challenges, but improved content EBITDA and Peacock's path to profitability could offset some pressures. The analyst also noted that fewer NBA games in Q2 reduce content costs.

Context

The rating comes amid volatile performance for CMCSA over the past year. Other analysts have mixed views; some believe Comcast's broadband infrastructure investments could pay off long-term.

Conclusion

Comcast remains a Neutral pick according to UBS, with Q2 results awaited to gauge content EBITDA improvement and Peacock's profitability trajectory.

Frequently Asked Questions

UBS rates Comcast (CMCSA) as Neutral with a $32 price target.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.