Is Comcast Corporation Stock Underperforming the Nasdaq?

Core Viewpoint - Comcast Corporation is a leading global media, entertainment, and telecommunications conglomerate with a market cap of approximately $96.8 billion, operating across various segments including broadband, video services, media networks, streaming, and theme parks [1][2]. Stock Performance - CMCSA stock has decreased by 38.9% from its 52-week high of $43.45 on December 3, 2024, and has seen a 21.1% decline over the past three months, underperforming the Nasdaq Composite's 7.8% increase during the same period [3]. - Year-to-date, CMCSA stock has declined by 29.2% and by 37.7% over the past 52 weeks, lagging behind the Nasdaq's gains of 20.2% in 2025 and 21.1% over the past year [4]. Market Dynamics - The decline in Comcast's share price is attributed to a loss of momentum in its core broadband business due to market saturation, increased competition from fiber and fixed-wireless providers, and a rise in "cord-cutting" [5]. - Rising operating costs have further pressured margins, and the market remains skeptical about near-term growth catalysts [5]. Competitive Position - Despite the challenges, Comcast has outperformed its peer, Charter Communications, which has seen a 41.7% decline in 2025 and a 48.8% drop over the past 52 weeks [6]. - Among 31 analysts covering CMCSA stock, the consensus rating is a "Moderate Buy," with a mean price target of $35.66 indicating a potential upside of 34.2% [6].