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Comcast stock has declined by about 20% year-to-date, currently trading at about $40 per share. The stock also remains down by about 35% from all-time highs seen in late 2021. The recent sell-off is driven by the broader decline in the markets amid surging inflation and the Federal Reserve’s increasingly hawkish stance. Comcast
However, despite these headwinds, we think that Comcast stock looks compelling at current levels. While revenue growth rates are likely to halve from around 12% last year to about 6% this year, per consensus estimates, the stock is trading at much more reasonable multiples. Comcast trades at just about 11x projected 2022 earnings, down from close to 20x
We value Comcast stock at about $55 per share, which is about 45% ahead of the current market price. See our analysis on Comcast Valuation for a closer look at what’s driving our price estimate for the company and how Comcast compares with its peers. Also, see our analysis of Comcast Revenue for more details on the company’s key revenue streams and how they have been trending.
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