CHTR Stock Forecast: Bullish Momentum Opportunity

September 7, 2024
Levi FuThis CHTR Stock Forecast article was written by Levi FU – Financial Analyst at I Know First.

Summary

  • CHTR revenue reached $54.61 billion in 2023, driven by high-speed internet services, which accounted for 42% of total revenue. 
  • The 2016 acquisitions of Time Warner Cable and Bright House Networks created substantial synergies, enhancing Charter’s operational efficiency and strengthening its market position.
  • Recent technical analysis using the Wyckoff method suggests a bullish outlook for CHTR, with a price target of $400 within 3 months, representing a 15% upside from the current level.

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