Altice Usa, the Communication Services sector company, was revisited by a Wall Street analyst yesterday. Analyst Gregory Williams from TD Cowen maintained a Buy rating on the stock and has a $3.00 price target.
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Gregory Williams’s rating is based on Altice USA’s strategic initiatives and financial outlook. Despite a notable miss in EBITDA, the company has demonstrated progress in key performance indicators, particularly in broadband subscriber growth and revenue trends. Management remains optimistic about achieving their 2025 EBITDA target of $3.4 billion, supported by operational efficiencies and cost reductions from workforce realignment and moderated marketing expenses.
Altice USA’s efforts in tax reform are expected to yield significant savings between 2025 and 2027, further strengthening its financial position. The company has shown resilience in subscriber retention, with the lowest churn rates in three years and positive subscriber gains in competitive markets like Texas. These factors, along with stable broadband ARPU and strategic debt management, contribute to a positive long-term outlook, justifying the Buy rating.
According to TipRanks, Williams is an analyst with an average return of -4.7% and a 40.85% success rate. Williams covers the Communication Services sector, focusing on stocks such as Echostar, T Mobile US, and AT&T.