Comcast Stock: Still a Buy Despite Recent Rallies

Despite recent price increases, Comcast stock remains an attractive investment opportunity due to its low valuation, solid long-term growth prospects, and upcoming catalysts. The stock currently trades at only 7x estimated 2024 earnings before taxes (EBT), well below Warren Buffett’s recommended 10x multiple for high-quality investments. Consensus analyst estimates project an annualized earnings growth rate of 8.1% over the next five years, driven by strong cash generation and reinvestment rates. Near-term catalysts include the broadcasting of the Summer Olympics, the U.S. presidential election, and the debut of Orlando’s Epic Universe theme park.

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