J.P. Morgan analyst Sebastiano Petti maintains $Charter Communications (CHTR.US)$ with a hold rating, and adjusts the target price from $385 to $400.
According to TipRanks data, the analyst has a success rate of 55.0% and a total average return of 0.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Charter Communications (CHTR.US)$'s main analysts recently are as follows:
Sustained competition and projections for decelerating EBITDA growth in 2025 contribute to a cautious viewpoint on Charter. The expectation is for EBITDA growth in Q4 to mirror previous performance, as the advantages of price hikes and high-margin political advertising are somewhat neutralized by the impacts of the hurricane. The outlook for 2025 presents more challenges due to the dissipation of political advertising benefits and the persistence of competitive pressures.
The expectation is that Charter's customer trends will improve in 2025 compared to 2024, which could act as a tailwind. The extent to which this will be beneficial hinges on Charter's capability to slightly increase its adjusted EBITDA growth to a point where its leverage transitions from a risk to a positive aspect for investment.
The company's Q3 results surpassed consensus expectations in terms of subscriber metrics and financial performance. Additionally, management indicated a forecast of 100K ACP internet losses in Q4, which is expected to be the final one-time effect stemming from the ACP funding unwind.
Note:
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