KeyBanc Maintains Overweight Rating on Comcast (CMCSA), Emphasizes EPIC Universe Potential

KeyBanc Capital Markets has reaffirmed its positive outlook on Comcast Corporation (NASDAQ:CMCSA) as of May 24, maintaining an Overweight rating along with a price target of $45. This endorsement showcases continued confidence in Comcast’s strategic direction and growth potential.

Prominent analyst Brandon Nispel has taken the opportunity to revise Comcast’s financial outlook by integrating comprehensive projections for the much-anticipated theme park, EPIC Universe. This venture is not just another theme park; it promises to revolutionize the consumer experience.

KeyBanc Reiterates Overweight Rating on Comcast, Highlights EPIC Universe Potential

KeyBanc Reiterates Overweight Rating on Comcast, Highlights EPIC Universe Potential

According to Nispel’s analysis, EPIC Universe is projected to deliver impressive results by 2026. Expected operating cash flow could exceed $600 million, with revenues likely surpassing $1.75 billion. This substantial contribution is poised to enhance Comcast’s Content and Experiences division tremendously.

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The introduction of EPIC Universe is set to bolster Comcast’s financial performance across its diverse media and entertainment portfolio. Nispel emphasizes the potential enterprise value of Comcast’s theme park division to be around $40 billion. Notably, at current share prices, investors are essentially securing the Theme Park business for free, alongside the comprehensive media assets Comcast offers.

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Disclosure: None.