LBRDK - Charter Liberty Broadband get Street-high targets from Pivotal

Charter Communications (CHTR -0.3%) has drawn a Street-high price target from Pivotal Research, which is looking for stronger growth even as the cableco faces tougher comparisons for the rest of the year. The firm raised its price target to $1,000 from $820, now implying 26% upside. Charter has a "clear path to significant gains" in average revenue per user growth in data, the firm says. And after a strong first half, even with trickier comps from 2020, "we still expect solid 2H results with an ever better '22." Meanwhile, stock repurchases should also provide a lift to the shares. During Q2, Charter bought about 6.l million shares of stock and common units for about $4 billion. And a great way to play Charter is through its biggest shareholder, Liberty Broadband (NASDAQ:LBRDA) - which also gets a Street-high target from Pivotal, of $267, implying 47% upside. It's "likely an inevitability" that

For further details see:

Charter, Liberty Broadband get Street-high targets from Pivotal