Warner Bros Discovery Stock Sinks on Analyst Coverage

Analysts were split towards the security coming into today

Deputy Editor
Jun 16, 2022 at 10:31 AM
facebook twitter linkedin

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%.



If you are not making money with options, you aren’t buying options like this…

There is no options strategy that more perfectly approaches trading the fastest moving and most volatile stocks available in the marketplace than this one. In fact, there is no strategy that better utilizes put options for optimal returns and a real trading edge over other traders in the exact same market. New options traders fail out at an incredible rate without proper trade research, execution timing, and option picking. Capitalize on Schaeffer’s 100+ years of options trading excellence with the most coveted product launch in company history. Don't waste another second... join us right now before the next round of trades are released!



Special Offers from Schaeffer's Trading Partners