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Warner Bros. Discovery (WBD) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

WBD Stock Forecast

Warner Bros. Discovery stock forecast is as follows: an average price target of $8.54 (represents a -20.11% downside from WBD’s last price of $10.69) and a rating consensus of 'Buy', based on 22 wall street analysts offering a 1-year stock forecast.

WBD Price Target

The average price target for Warner Bros. Discovery (WBD) is $8.54 based on 1-year price targets from 22 Wall Street analysts in the past 3 months, with a price target range of $9.00 to $7.67. This represents a potential -20.11% downside from WBD's last price of $10.69.

WBD Analyst Ratings

Buy

According to 22 Wall Street analysts, Warner Bros. Discovery's rating consensus is 'Buy'. The analyst rating breakdown for WBD stock is 0 'Strong Buy' (0.00%), 12 'Buy' (54.55%), 9 'Hold' (40.91%), 1 'Sell' (4.55%), and 0 'Strong Sell' (0.00%).

Warner Bros. Discovery Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 08, 2024Bryan KraftDeutsche Bank$7.67$3.49119.77%-28.25%
Jul 29, 2024Benjamin SwinburneMorgan Stanley$9.00$8.318.30%-15.81%
Jul 25, 2024Tim NollenMacquarie$9.00$8.476.26%-15.81%
Jun 25, 2024Michael NgGoldman Sachs$8.50$7.3116.28%-20.49%
May 13, 2024David JoyceSeaport Global$8.18$4.3588.05%-23.48%
May 10, 2024Jessica Reif EhrlichFox Advisors$14.00$8.1671.46%30.96%
May 10, 2024Brandon NispelKeyBanc$11.00$8.0436.82%2.90%
May 09, 2024Ric PrentissRaymond James$13.00$8.0461.69%21.61%
Apr 02, 2024Kenneth LeonCFRA$9.00$8.486.13%-15.81%
Mar 20, 2024Kenneth LeonCFRA$10.00$8.7414.42%-6.45%
Feb 29, 2024Michael PachterWedbush$5.00$8.79-43.12%-53.23%
Feb 01, 2024Kenneth LeonKenneth LeonCFRA$14.00$10.4633.84%30.96%
Sep 06, 2023Barton CrockettRosenblatt Securities$10.00$11.44-12.59%-6.45%
Sep 06, 2023Tim NollenMacquarie$20.00$11.4474.83%87.09%
Aug 04, 2023Douglas MitchelsonCredit Suisse$16.35$7.14128.99%52.95%
May 16, 2023James GossBarrington$18.00$12.1947.66%68.38%
May 08, 2023Douglas MitchelsonCredit Suisse$18.40$6.88167.44%72.12%
Apr 10, 2023Matthew ThortonTruist Financial$19.00$15.2624.55%77.74%
Mar 17, 2023Peter SupinoWolfe Research$20.00$14.3439.47%87.09%
Jan 04, 2023Macquarie$16.00$9.5467.71%49.67%
Dec 02, 2022Morgan Stanley$14.00$11.4322.44%30.96%
Aug 23, 2022UBS$15.00$12.9116.19%40.32%
Aug 05, 2022Barclays$17.00$17.48-2.75%59.03%
Jul 30, 2022Brett FeldmanGoldman Sachs$22.00$15.0046.67%105.80%
Jul 18, 2022Morgan Stanley$18.00$14.1627.10%68.38%
Jul 14, 2022Barclays$19.00$13.6139.60%77.74%
Jun 01, 2022Jessica Reif EhrlichNew Street$23.00$9.01155.27%115.15%
Apr 28, 2022Benjamin SwinburneMorgan Stanley$27.00$18.1548.76%152.57%
Apr 28, 2022Barton CrockettRosenblatt Securities$18.00$18.32-1.75%68.38%
Apr 27, 2022Barclays$24.00$18.9626.58%124.51%
Apr 22, 2022Barton CrockettRosenblatt Securities$20.00$20.57-2.77%87.09%
Apr 13, 2022Vijay JayantEvercore ISI$40.00$26.0053.85%274.18%

The latest Warner Bros. Discovery stock forecast, released on Aug 08, 2024 by Bryan Kraft from Deutsche Bank, set a price target of $7.67, which represents a 119.77% increase from the stock price at the time of the forecast ($3.49), and a -28.25% decrease from WBD last price ($10.69).

Warner Bros. Discovery Price Target by Period

1M3M12M
# Anlaysts--12
Avg Price Target--$9.86
Last Closing Price$10.69$10.69$10.69
Upside/Downside-100.00%-100.00%-7.76%

In the current month, the average price target of Warner Bros. Discovery stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Warner Bros. Discovery's last price of $10.69. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Nov 08, 2024MacquarieNeutralNeutralHold
Sep 17, 2024CFRAHoldHoldHold
Sep 13, 2024BenchmarkBuyBuyHold
Aug 13, 2024BernsteinMarket PerformDowngrade
Aug 08, 2024Cowen & Co.BuyBuyHold
Aug 08, 2024Deutsche BankBuyBuyHold
Aug 08, 2024BenchmarkBuyBuyHold
Jul 29, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Jul 25, 2024MacquarieOutperformNeutralDowngrade
Jun 25, 2024Goldman SachsBuyNeutralInitialise
Jun 17, 2024BenchmarkBuyBuyHold
May 24, 2024KeyBancOverweightOverweightHold
May 13, 2024Seaport GlobalBuyBuyHold
May 10, 2024Bank of America SecuritiesBuyBuyHold
May 10, 2024KeyBancHoldOverweightUpgrade
May 09, 2024Raymond JamesOutperformOutperformHold
Apr 23, 2024Wolfe ResearchOutperformUnderperformDowngrade
Apr 02, 2024CFRAHoldHoldHold
Mar 04, 2024BenchmarkBuyBuyHold
Feb 29, 2024WedbushOutperformOutperformHold
Feb 26, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Jan 29, 2024Wells FargoOverweightEqual-WeightDowngrade
Dec 22, 2023BenchmarkBuyBuyHold
Nov 09, 2023KeyBancHoldHoldHold
Nov 09, 2023Goldman SachsBuyBuyHold
Nov 09, 2023Wells FargoOverweightOverweightHold
Nov 07, 2023BenchmarkBuyBuyHold
Sep 06, 2023MacquarieOutperformOutperformHold
Aug 04, 2023KeyBancSector WeightSector WeightHold
Aug 04, 2023Credit SuisseOutperformOutperformHold
Aug 02, 2023BenchmarkBuyBuyHold
Jul 05, 2023BenchmarkBuyBuyHold
May 08, 2023Credit SuisseOutperformOutperformHold
May 08, 2023Goldman SachsBuyBuyHold
May 05, 2023CFRABuyUpgrade
Apr 26, 2023BenchmarkBuyBuyHold
Mar 17, 2023Wells FargoEqual-WeightOverweightUpgrade
Mar 17, 2023Wolfe ResearchPeer PerformOutperformUpgrade
Feb 24, 2023Credit SuisseSellSellHold
Jan 11, 2023GuggenheimBuyUpgrade
Jan 04, 2023MacquarieOutperformOutperformHold
Dec 14, 2022BenchmarkBuyBuyHold
Dec 02, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Oct 18, 2022NeedhamHoldHoldHold
Oct 04, 2022Wells FargoEqual-WeightEqual-WeightHold
Aug 23, 2022UBSNeutralNeutralHold
Aug 23, 2022CitigroupBuyBuyHold
Aug 05, 2022BarclaysEqual-WeightEqual-WeightHold
Jul 18, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Jul 14, 2022BarclaysEqual-WeightEqual-WeightHold
Jun 02, 2022Wolfe ResearchPeer PerformPeer PerformHold
May 12, 2022Cowen & Co.OutperformUpgrade
Apr 28, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Apr 28, 2022Rosenblatt SecuritiesSellSellHold
Apr 27, 2022BarclaysEqual-WeightInitialise
Apr 13, 2022Evercore ISIOutperformUpgrade

Warner Bros. Discovery's last stock rating was published by Macquarie on Nov 08, 2024. The company gave WBD a "Neutral" rating, the same as its previous rate.

Warner Bros. Discovery Financial Forecast

Warner Bros. Discovery Revenue Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
Revenue---------------------$9.98B$10.36B$10.70B$11.01B$9.82B$9.83B$3.16B$3.19B$3.15B
Avg Forecast$11.68B$10.38B$10.65B$10.85B$11.30B$10.20B$10.53B$10.72B$10.45B$9.60B$9.82B$10.13B$10.27B$9.46B$9.90B$10.04B$10.25B$9.79B$10.07B$10.22B$10.34B$9.97B$10.44B$10.75B$11.20B$10.33B$11.82B$3.67B$3.12B$3.15B
High Forecast$12.19B$10.83B$11.12B$11.32B$11.79B$10.65B$10.99B$11.18B$10.90B$10.01B$10.24B$10.57B$10.72B$9.87B$10.33B$10.34B$10.79B$9.86B$10.07B$10.22B$10.75B$9.99B$10.89B$11.22B$11.69B$10.33B$11.82B$3.67B$3.12B$3.15B
Low Forecast$11.15B$9.91B$10.17B$10.35B$10.79B$9.74B$10.05B$10.23B$9.97B$9.16B$9.37B$9.67B$9.81B$9.03B$9.45B$9.77B$9.71B$9.73B$10.07B$10.22B$9.90B$9.94B$9.97B$10.26B$10.70B$10.33B$11.82B$3.67B$3.12B$3.15B
# Analysts23456333334545271376613666555111211
Surprise %---------------------1.00%0.99%1.00%0.98%0.95%0.83%0.86%1.02%1.00%

Warner Bros. Discovery's average Quarter revenue forecast for Dec 23 based on 13 analysts is $10.34B, with a low forecast of $9.90B, and a high forecast of $10.75B. WBD's average Quarter revenue forecast represents a 3.59% increase compared to the company's last Quarter revenue of $9.98B (Sep 23).

Warner Bros. Discovery EBITDA Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts23456333334545271376613666555111211
EBITDA---------------------$883.00M$-140.00M$6.37B$5.70B$5.00B$5.23B$1.84B$1.59B$1.91B
Avg Forecast$2.81B$2.49B$2.56B$2.60B$2.71B$2.45B$2.53B$2.57B$2.51B$2.30B$2.36B$2.43B$2.47B$2.27B$2.38B$2.41B$2.46B$2.35B$2.42B$2.46B$2.48B$2.39B$2.51B$2.58B$2.69B$5.38B$6.16B$1.91B$1.63B$1.64B
High Forecast$2.93B$2.60B$2.67B$2.72B$2.83B$2.56B$2.64B$2.69B$2.62B$2.41B$2.46B$2.54B$2.58B$2.37B$2.48B$2.48B$2.59B$2.37B$2.42B$2.46B$2.58B$2.40B$2.62B$2.69B$2.81B$5.38B$6.16B$1.91B$1.63B$1.64B
Low Forecast$2.68B$2.38B$2.44B$2.49B$2.59B$2.34B$2.41B$2.46B$2.40B$2.20B$2.25B$2.32B$2.36B$2.17B$2.27B$2.35B$2.33B$2.34B$2.42B$2.46B$2.38B$2.39B$2.39B$2.47B$2.57B$5.38B$6.16B$1.91B$1.63B$1.64B
Surprise %---------------------0.37%-0.06%2.47%2.12%0.93%0.85%0.97%0.98%1.16%

13 analysts predict WBD's average Quarter EBITDA for Dec 23 to be $2.48B, with a high of $2.58B and a low of $2.38B. This is 181.18% upper than Warner Bros. Discovery's previous annual EBITDA (Sep 23) of $883.00M.

Warner Bros. Discovery Net Income Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts23456333334545271376613666555111211
Net Income---------------------$-2.00M$-4.00M$-1.06B$-2.08B$-2.29B$-3.41B$456.00M$91.00M$156.00M
Avg Forecast--------$24.70M$-123.50M$-506.35M$-123.50M$101.89M$-105.76M$-461.99M$-250.78M$-2.39M$-277.01M$-651.26M$-483.35M$-253.99M$-276.71M$-847.36M$-332.54M$-714.30M$-644.98M$192.27M$6.26B$2.05B$958.54M
High Forecast--------$26.10M$-116.23M$-476.56M$-116.23M$107.66M$-99.54M$-434.79M$835.92M$1.02M$-260.71M$-612.96M$-454.92M$323.25M$-260.44M$-797.49M$-312.97M$-672.26M$-644.98M$192.27M$7.51B$2.05B$958.54M
Low Forecast--------$23.25M$-130.50M$-535.03M$-130.50M$95.89M$-111.75M$-488.15M$-752.34M$-6.82M$-292.69M$-688.14M$-510.72M$-438.72M$-292.40M$-895.35M$-351.38M$-754.76M$-644.98M$192.27M$5.01B$2.05B$958.54M
Surprise %---------------------0.01%0.00%3.19%2.91%3.54%-17.73%0.07%0.04%0.16%

Warner Bros. Discovery's average Quarter net income forecast for Jun 22 is $192.27M, with a range of $192.27M to $192.27M. WBD's average Quarter net income forecast represents a -57.84% decrease compared to the company's last Quarter net income of $456.00M (Mar 22).

Warner Bros. Discovery SG&A Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts23456333334545271376613666555111211
SG&A---------------------$2.29B$2.56B$2.39B$2.51B$2.59B$3.54B$1.04B$1.07B$944.00M
Avg Forecast$3.17B$2.81B$2.89B$2.94B$3.06B$2.77B$2.85B$2.91B$2.83B$2.60B$2.66B$2.75B$2.79B$2.56B$2.68B$2.72B$2.78B$2.65B$2.73B$2.77B$2.80B$2.70B$2.83B$2.91B$3.04B$2.79B$3.19B$989.30M$842.71M$849.89M
High Forecast$3.30B$2.94B$3.01B$3.07B$3.20B$2.89B$2.98B$3.03B$2.96B$2.71B$2.78B$2.87B$2.91B$2.68B$2.80B$2.80B$2.93B$2.67B$2.73B$2.77B$2.91B$2.71B$2.95B$3.04B$3.17B$2.79B$3.19B$989.30M$842.71M$849.89M
Low Forecast$3.02B$2.69B$2.76B$2.81B$2.92B$2.64B$2.72B$2.77B$2.70B$2.48B$2.54B$2.62B$2.66B$2.45B$2.56B$2.65B$2.63B$2.64B$2.73B$2.77B$2.68B$2.70B$2.70B$2.78B$2.90B$2.79B$3.19B$989.30M$842.71M$849.89M
Surprise %---------------------0.85%0.91%0.82%0.83%0.93%1.11%1.05%1.27%1.11%

Warner Bros. Discovery's average Quarter SG&A projection for Dec 23 is $2.80B, based on 13 Wall Street analysts, with a range of $2.68B to $2.91B. The forecast indicates a 22.33% rise compared to WBD last annual SG&A of $2.29B (Sep 23).

Warner Bros. Discovery EPS Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts23456333334545271376613666555111211
EPS---------------------$-0.00$-0.00$-0.44$-0.86$-0.94$-1.49$0.69$0.18$0.24
Avg Forecast--------$0.01$-0.05$-0.20$-0.05$0.04$-0.04$-0.19$-0.10$-0.00$-0.11$-0.26$-0.20$-0.10$-0.11$-0.34$-0.13$-0.29$-0.26$0.08$0.47$0.84$0.39
High Forecast--------$0.01$-0.05$-0.19$-0.05$0.04$-0.04$-0.18$0.34-$-0.11$-0.25$-0.18$0.13$-0.11$-0.32$-0.13$-0.27$-0.26$0.08$0.47$0.84$0.39
Low Forecast--------$0.01$-0.05$-0.22$-0.05$0.04$-0.05$-0.20$-0.30$-0.00$-0.12$-0.28$-0.21$-0.18$-0.12$-0.36$-0.14$-0.31$-0.26$0.08$0.47$0.84$0.39
Surprise %---------------------0.01%0.00%3.27%2.97%3.57%-18.99%1.47%0.21%0.61%

According to 5 Wall Street analysts, Warner Bros. Discovery's projected average Quarter EPS for Jun 22 is $0.08, with a low estimate of $0.08 and a high estimate of $0.08. This represents a -88.63% decrease compared to WBD previous annual EPS of $0.69 (Mar 22).

Warner Bros. Discovery Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
AMCAMC Entertainment$4.25$5.0719.29%Hold
DISWalt Disney Company$113.02$117.904.32%Buy
PARAParamount Global$10.81$10.50-2.87%Hold
ROKURoku$83.39$78.38-6.01%Buy
NFLXNetflix$919.13$787.05-14.37%Buy
WBDWarner Bros. Discovery$11.35$8.54-24.76%Buy

WBD Forecast FAQ

Is Warner Bros. Discovery a good buy?

Yes, according to 22 Wall Street analysts, Warner Bros. Discovery (WBD) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 12 'Buy' recommendations, accounting for 54.55% of WBD's total ratings.

What is WBD's price target?

Warner Bros. Discovery (WBD) average price target is $8.54 with a range of $7.67 to $9, implying a -20.11% from its last price of $10.69. The data is based on 22 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Warner Bros. Discovery stock go up soon?

According to Wall Street analysts' prediction for WBD stock, the company can go down by -20.11% (from the last price of $10.69 to the average price target of $8.54), down by -15.81% based on the highest stock price target, and down by -28.25% based on the lowest stock price target.

Can Warner Bros. Discovery stock reach $20?

WBD's average twelve months analyst stock price target of $8.54 does not support the claim that Warner Bros. Discovery can reach $20 in the near future.

What are Warner Bros. Discovery's analysts' financial forecasts?

Warner Bros. Discovery's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $42.74B (high $44.61B, low $40.81B), average EBITDA is $10.27B (high $10.71B, low $9.8B), average net income is $0 (high $0, low $0), average SG&A $11.59B (high $12.09B, low $11.06B), and average EPS is $0 (high $0, low $0). WBD's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $43.55B (high $45.45B, low $41.58B), average EBITDA is $10.46B (high $10.92B, low $9.99B), average net income is $0 (high $0, low $0), average SG&A $11.81B (high $12.32B, low $11.27B), and average EPS is $0 (high $0, low $0).

Did the WBD's actual financial results beat the analysts' financial forecasts?

Based on Warner Bros. Discovery's last annual report (Dec 2023), the company's revenue was $41.32B, which missed the average analysts forecast of $41.49B by -0.41%. Apple's EBITDA was $1.9B, missing the average prediction of $9.97B by -80.92%. The company's net income was $-4.647B, beating the average estimation of $-1.711B by 171.66%. Apple's SG&A was $9.7B, missing the average forecast of $11.25B by -13.81%. Lastly, the company's EPS was $-1.91, beating the average prediction of $-0.693 by 175.79%. In terms of the last quarterly report (Sep 2023), Warner Bros. Discovery's revenue was $9.98B, beating the average analysts' forecast of $9.97B by 0.12%. The company's EBITDA was $883M, missing the average prediction of $2.39B by -63.11%. Warner Bros. Discovery's net income was $-2M, missing the average estimation of $-277M by -99.28%. The company's SG&A was $2.29B, missing the average forecast of $2.7B by -15.22%. Lastly, the company's EPS was $-0.0008, missing the average prediction of $-0.112 by -99.29%