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.
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:
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