Analyst: Warner Bros Discovery Stock Will Regain Footing

The security's recent struggles come amid massive broader-market losses

Deputy Editor
Jun 30, 2022 at 9:57 AM
facebook twitter linkedin

Shares of Warner Bros Discovery Inc (NASDAQ:WBD) were last seen down 1.3% at $13 despite a bull note from Benchmark. The analyst initiated coverage with a "buy" rating and a $26 price target, after expressing confidence that the media concern will "regain their footing," despite the market's recent streaming aversion and leveraging issues. 

In its note, Benchmark pointed out WBD's underperformance in tandem with the broader market since its April 11 spinoff. Year-to-date, Warner Bros Discovery stock stands 44.1% lower. Should today's negative price action hold, it could serve as an intriguing entry point, as the security trades near yesterday's 12-year low of $12.91.

Circling back to analyst sentiment, the brokerage bunch was split on Warner Bros Discovery stock coming into today. Of the 14 in coverage, seven rated WBD a "hold" or worse, which leaves the security open to additional bull notes. Meanwhile, the 12-month consensus price target of $33.29 is a $159.2% premium to current levels. 




Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 


300x250 - Banner 3 - v1