Comcast (CMCSA) shares closed down 2.03% at $31.82 on February 12, tracking a broader market decline despite analysts maintaining a consensus "Buy" rating. The stock is currently trading near long-term support levels between $28 and $30.
- The company announced a connectivity expansion project to reach over 4,600 homes and businesses across Indiana.
- Analysts have set a 2026 price target of $34.90, viewing the current dip as part of a sector-wide trend rather than company-specific issues.
- Market pressure stems from concerns over massive AI infrastructure spending, projected to reach $700 billion by major tech providers in 2026.