Warner Bros Discovery Stock Sinks on Analyst Coverage

Analysts were split towards the security coming into today

Jake Scott

Deputy Editor

Jun 16, 2022 at 10:31 AM

Warner Bros Discovery Inc (NASDAQ:WBD) is down 7.6% at $13.72 this morning, after J.P. Morgan Securities resumed coverage of the equity with a "neutral" rating, as well as a $22 price target, noting the macroeconomic environment could pressure ad spending. The brokerage also highlighted waning direct-to-consumer enthusiasm, casting doubt over the company's ability to scale services internationally.

Coming into today, analysts were split on Warner Bros Discovery stock, with seven rating it a "strong buy," against six at a "hold" or worse. What's more, the 12-month consensus price target of $33.85 is a staggering 147% premium to current levels, meaning more bear notes could be on the horizon.

The security is today pacing for its sixth loss in seven sessions, as well as its lowest close since August 2009. The 30-day moving average has been pressuring shares lower since April, with yesterday's rally losing rally at the $15 mark. Year-over-year, Warner Bros Discovery stock is down roughly 55%.

Follow @Schaeffers

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.