Latest news with #AlanGould
CNBC
8 hours ago
- Business
- CNBC
Disney gets a price target increase from Loop Capital as media giant gains full control of Hulu
Taking full control of Hulu will lead to more gains for Walt Disney , according to Loop Capital. The investment firm raised its price target for the entertainment conglomerate to $130 from $125 per share, implying about 12% upside. Analyst Alan Gould kept his buy rating on shares as well. Gould's price target revision comes after Disney agreed to pay Comcast another $438.7 million to finalize its purchase of Hulu, concluding an appraisal process that has lasted since 2023. That amount is well below a potential liability of about $5 billion. Disney has already paid Comcast $8.6 billion for its 33% stake. DIS YTD mountain DIS YTD chart "The outcome provides clarity and allows Disney to fully integrate Hulu into both Disney+ and the upcoming ESPN streaming service. Based on our FY2025 estimates, the valuation implies approximately 3.3x revenue and just under less than $500 per subscriber for the Hulu SVOD service," Gould wrote. The transaction will likely close either on or before July 24. Disney shares ticked higher in the premarket following the price target increase. Year to date, they are up nearly 4%. Analysts are mostly bullish on Disney. Of the 33 who cover the stock, 26 rate it a buy or strong buy, according to LSEG. Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.
Yahoo
19-05-2025
- Business
- Yahoo
Loop Capital Upgrades Charter Communications (CHTR) Stock to Buy, Lifts PT
On May 19, Loop Capital Markets upped the rating on Charter Communications, Inc. (NASDAQ:CHTR)'s stock from 'Hold' to 'Buy,' raising the PT to $510 from the previous target of $430. The upgrade comes off the back of positive expectations for the company's growth after its proposed merger with Cox Communications. As per the firm, the deal is expected to be anticipated to be beneficial, providing accretive value to Charter Communications, Inc. (NASDAQ:CHTR). It can also help reduce leverage and provide scale efficiencies, which can develop the company as the pre-eminent cable operator in the US. A close up of a satellite in space, showing the advanced technology of communications systems. The firm's analyst, Alan Gould, also noted the promising early results of Charter Communications, Inc. (NASDAQ:CHTR)'s 'Life Unlimited' rebrand. The analyst opines that the initiative provides a combined broadband and mobile service and also consists of customer service guarantees. The new video strategy offers customers access to an ad-supported tier of several streaming apps. This is given at no additional cost and can help offset the loss of video subscribers, says the analyst. Overall, the proposed merger can create a more formidable entity in the broader telecommunications industry with the help of combining Charter Communications, Inc. (NASDAQ:CHTR)'s and Cox's resources. While we acknowledge the potential of CHTR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CHTR and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-05-2025
- Business
- Yahoo
Loop Capital Upgrades Charter Communications (CHTR) Stock to Buy, Lifts PT
On May 19, Loop Capital Markets upped the rating on Charter Communications, Inc. (NASDAQ:CHTR)'s stock from 'Hold' to 'Buy,' raising the PT to $510 from the previous target of $430. The upgrade comes off the back of positive expectations for the company's growth after its proposed merger with Cox Communications. As per the firm, the deal is expected to be anticipated to be beneficial, providing accretive value to Charter Communications, Inc. (NASDAQ:CHTR). It can also help reduce leverage and provide scale efficiencies, which can develop the company as the pre-eminent cable operator in the US. A close up of a satellite in space, showing the advanced technology of communications systems. The firm's analyst, Alan Gould, also noted the promising early results of Charter Communications, Inc. (NASDAQ:CHTR)'s 'Life Unlimited' rebrand. The analyst opines that the initiative provides a combined broadband and mobile service and also consists of customer service guarantees. The new video strategy offers customers access to an ad-supported tier of several streaming apps. This is given at no additional cost and can help offset the loss of video subscribers, says the analyst. Overall, the proposed merger can create a more formidable entity in the broader telecommunications industry with the help of combining Charter Communications, Inc. (NASDAQ:CHTR)'s and Cox's resources. While we acknowledge the potential of CHTR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CHTR and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None.
