Charter Communications Inc. (NASDAQ:CHTR) on Friday posted upbeat second-quarter 2026 earnings.
The cable and broadband provider reported revenue of $13.53 billion, down 1.7% from a year earlier but slightly above the analyst consensus estimate of $13.51 billion. Adjusted earnings came in at $10.66 per share, beating expectations of $10.14.
The company lost 172,000 internet customers, compared with a loss of 116,000 a year earlier. Video customer losses narrowed to 21,000, compared with a loss of 80,000 a year earlier, helped by simplified pricing, revised packaging and the addition of streaming services to Spectrum’s expanded basic packages.
Charter reiterated its 2026 capital expenditure forecast of about $11.4 billion, down from $11.7 billion in 2025.
Charter Communications shares gained 2.6% to trade at $126.56 on Monday.
These analysts made changes to their price targets on Charter Communications following earnings announcement.
- Barclays analyst Kannan Venkateshwar maintained the stock with an Underweight rating and lowered the price target from $130 to $115.
- Wells Fargo analyst Steven Cahall maintained the stock with an Underweight rating and cut the price target from $160 to $101.
- RBC Capital analyst Jonathan Atkin maintained the stock with a Sector Perform and lowered the price target from $160 to $150.
- TD Cowen analyst Gregory Williams maintained the stock with a Buy and lowered the price target from $413 to $380.
Considering buying CHTR stock? Here’s what analysts think:
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