Comcast’s (NASDAQ:CMCSA) Broadband Subscriber Fees have risen from $55 in 2019 to about $62 in 2021. Trefis expects the metric to rise further to levels of around $62 in 2022 and to $69 by 2023.
We expect growth to be driven by the adoption of higher-priced, faster broadband tiers and the expansion of the company’s business services.
We think CMCSA stock isn’t fully pricing in the company’s potential growth. We value CMCSA at $65 per share, almost 40% ahead of the current market price.
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