Jeffrey Wlodarczak, an analyst from Pivotal Research, reiterated the Buy rating on Charter Communications (CHTR – Research Report). The associated price target was raised to $540.00.
Jeffrey Wlodarczak has given his Buy rating due to a combination of factors that highlight Charter Communications’ strong performance and strategic positioning. The company reported better-than-expected results in the first quarter, driven by an aggressive approach to converged offerings and effective pricing strategies. This resulted in a notable improvement in data penetration and growth in data ARPU, alongside a significant increase in EBITDA and free cash flow generation.
Wlodarczak also points out that Charter’s unique converged bundle offering is a key competitive advantage, providing significant savings to households and potentially accelerating subscriber growth, especially during economic downturns. Furthermore, Charter’s successful negotiations with content providers have enhanced their PayTV offerings, contributing to a reduction in video subscriber losses. These factors, combined with a raised target price and expectations of positive data subscriber growth, underpin the Buy rating, suggesting substantial upside potential for Charter’s stock.
According to TipRanks, Wlodarczak is a 4-star analyst with an average return of 2.5% and a 52.32% success rate. Wlodarczak covers the Communication Services sector, focusing on stocks such as Charter Communications, Comcast, and Alphabet Class C.
In another report released yesterday, Benchmark Co. also maintained a Buy rating on the stock with a $450.00 price target.