Altice USA's stock has experienced a decline recently, although analysts have maintained a "Buy" rating on the company due to its long-term potential, particularly in broadband services.
A recent stock forecast sees the price target reduced, with the average target predicting a drop of about 13.44% from its current value
Despite challenges in its cable broadband segment and an ongoing operational restructuring, Altice USA's efforts to improve its service offerings, particularly with fiber upgrades
Analysts are optimistic that its focus on broadband and improving average revenue per user (ARPU) will lead to stronger financial performance over time.
With analysts divided between "Hold" and "Sell" ratings, the stock's trajectory remains uncertain, but there is potential for recovery if its broadband monetization strategy succeeds
However, the company is expected to continue facing challenges, including losses in video services and higher programming costs
Additionally, political ad revenue in the latter half of the year could provide some financial support