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 X logo 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. 

 

 

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI