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

$28.37 -0.02 (-0.07%)

As of 09/3/2026 04:00 PM Eastern

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Warner Bros. Discovery - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Hold

Based on 23 Analyst Ratings

Sell
2

Hold
13

Buy
8

Based on 23 Wall Street analysts who have issued ratings for Warner Bros. Discovery in the last 12 months, the stock has a consensus rating of "Hold." Out of the 23 analysts, 2 have given a sell rating, 13 have given a hold rating, 6 have given a buy rating, and 2 have given a strong buy rating for WBD.

Consensus Price Target

$27.69
-2.39% Downside

According to the 23 analysts' twelve-month price targets for Warner Bros. Discovery, the average price target is $27.69. The highest price target for WBD is $32.00, while the lowest price target for WBD is $14.75. The average price target represents a forecasted downside of -2.39% from the current price of $28.37.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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WBD Analyst Ratings Over Time

Type	Current Forecast 9/4/25 to 9/4/26	1 Month Ago 8/5/25 to 8/5/26	3 Months Ago 6/6/25 to 6/6/26	1 Year Ago 9/4/24 to 9/4/25
Strong Buy	2 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	8 Buy rating(s)
Hold	13 Hold rating(s)	12 Hold rating(s)	14 Hold rating(s)	11 Hold rating(s)
Sell	2 Sell rating(s)	3 Sell rating(s)	2 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$27.69	$27.04	$27.04	$13.14
Forecasted Upside	-2.39% Downside	4.13% Upside	3.06% Upside	11.65% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

WBD Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

WBD Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Warner Bros. Discovery Stock vs. The Competition

Type	Warner Bros. Discovery	Communication Services Companies	Broader Market
Consensus Rating Score	2.35	2.06	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-2.39% Downside	134.72% Upside	13.67% Upside
News Sentiment Rating	Positive News See Recent WBD News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
8/25/2026	Zacks Research 5 of 5 stars		Upgrade	Strong Sell ➝ Hold
8/18/2026	Weiss Ratings 5 of 5 stars		Upgrade	Sell (D-) ➝ Sell (D+)
8/10/2026	Freedom Capital Not Rated		Upgrade	Hold ➝ Strong-Buy
6/1/2026	Huber Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Underweight ➝ Overweight
5/7/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	John Hodulik Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$30.00 ➝ $31.00	+14.20%
5/7/2026	Guggenheim Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Michael Morris Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Neutral
4/24/2026	KeyCorp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Overweight
3/9/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Steven Cahall Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Equal Weight	$31.00	+11.11%
3/8/2026	Moffett Nathanson Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
3/3/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Joseph Bonner Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$32.00 ➝ $31.00	+9.59%
Get the Latest News and Ratings for WBD and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Warner Bros. Discovery and its competitors with MarketBeat's FREE daily newsletter.
2/27/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Doug Creutz Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Hold	$22.00 ➝ $26.00	-8.39%
2/27/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Hold	$29.50 ➝ $31.00	+9.23%
2/27/2026	Benchmark Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Matthew Harrigan Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy ➝ Hold
2/27/2026	Arete Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy ➝ Neutral	$31.25	+8.51%
2/27/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ric Prentiss Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform ➝ Underperform
2/24/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Laurent Yoon Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Market Perform	$23.50 ➝ $27.75	-4.05%
2/17/2026	Rothschild & Co Redburn Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Hamilton Faber Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target	Buy ➝ Neutral	$31.00	+10.75%
12/18/2025	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Benjamin Swinburne Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$29.00	+2.76%
12/5/2025	Barrington Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Patrick Sholl Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Outperform ➝ Hold
11/7/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Michael Ng Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$13.00 ➝ $14.75	-36.34%
10/22/2025	Singular Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Moderate Buy
10/8/2025	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$20.00	+7.53%
9/30/2025	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jessica Reif Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$16.00 ➝ $24.00	+27.25%
9/12/2025	Needham & Company LLC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Laura Martin Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Hold
5/29/2025	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jason Bazinet Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$15.00 ➝ $14.00	+41.63%
3/7/2025	Rosenblatt Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Barton Crockett Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Neutral	$13.00 ➝ $13.00	+21.50%
1/14/2025	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	David Karnovsky Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$9.00 ➝ $10.00	+1.52%
11/11/2024	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Peter Supino Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Underperform ➝ Peer Perform
11/8/2024	Macquarie Infrastructure Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Tim Nollen Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$8.00 ➝ $9.00	-1.96%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 01:54 AM ET.

Should I Buy Warner Bros. Discovery Stock? WBD Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, September 2, 2026. Please send any questions or comments about these Warner Bros. Discovery pros and cons to contact@marketbeat.com.

Warner Bros. Discovery
Bull Case

Here are some ways that investors could benefit from investing in Warner Bros. Discovery, Inc.:

Warner Bros. Discovery, Inc. shares are currently trading at $28.39, which is above the consensus price target of $27.69 set by analysts, suggesting the stock may be undervalued relative to Wall Street expectations.
The company reported earnings per share of $0.06 for the quarter ended August 6, 2026, which beat the consensus estimate of ($0.14) by $0.20, indicating stronger-than-expected profitability despite revenue challenges.
Short interest in Warner Bros. Discovery, Inc. has decreased to 56,310,112 shares as of August 14, 2026, down from 72,154,680 shares in the previous month, suggesting a reduction in bearish sentiment among traders.
Institutional investors such as Alyeska Investment Group L.P. and Public Employees Retirement System of Ohio have recently increased their positions in Warner Bros. Discovery, Inc., indicating confidence in the company's long-term prospects.
Warner Bros. Discovery, Inc. has a beta of 1.57, which means it is more volatile than the overall market, potentially offering higher returns for investors willing to take on additional risk.

Warner Bros. Discovery
Bear Case

Investors should be bearish about investing in Warner Bros. Discovery, Inc. for these reasons:

Warner Bros. Discovery, Inc. has a negative P/E ratio of -22.35, indicating that the company is currently unprofitable, which may limit its ability to generate returns for shareholders.
The company's revenue decreased by 11.2% year-over-year in the most recent quarter, signaling potential challenges in maintaining growth and market share in the competitive media and entertainment industry.
Insiders have sold a total of 1,750,749 shares of Warner Bros. Discovery, Inc. stock worth $48,329,633 over the last three months, which could indicate a lack of confidence in the company's future performance.
Warner Bros. Discovery, Inc. has a debt-to-equity ratio of 0.90, which is relatively high and may limit the company's financial flexibility to invest in new projects or weather economic downturns.
The company's current ratio of 0.78 and quick ratio of 0.78 suggest that it may have difficulty meeting its short-term obligations, which could pose a risk to its financial stability.

WBD Forecast - Frequently Asked Questions

According to the research reports of 23 Wall Street equities research analysts, the average twelve-month stock price forecast for Warner Bros. Discovery is $27.69, with a high forecast of $32.00 and a low forecast of $14.75.

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Warner Bros. Discovery in the last year. There are currently 2 sell ratings, 13 hold ratings, 6 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" WBD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WBD, but not buy additional shares or sell existing shares.

According to analysts, Warner Bros. Discovery's stock has a predicted downside of -2.39% based on their 12-month stock forecasts.

Over the previous 90 days, Warner Bros. Discovery's stock had 3 upgrades and 1 downgrade by analysts.

Warner Bros. Discovery has been rated by research analysts at Freedom Capital, Weiss Ratings, and Zacks Research in the past 90 days.

Analysts like Warner Bros. Discovery more than other "communication services" companies. The consensus rating score for Warner Bros. Discovery is 2.35 while the average consensus rating score for "communication services" companies is 2.06. Learn more on how WBD compares to other companies.

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MarketBeat monitors more than a dozen sources for Warner Bros. Discovery analyst ratings, with the most recent rating issued on 8/25/2026.

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

Warner Bros. Discovery - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

WBD Analyst Ratings Over Time

WBD Analyst Recommendations By Month

WBD Price Targets by Month

Warner Bros. Discovery Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Warner Bros. Discovery Stock? WBD Pros and Cons Explained

Warner Bros. Discovery
Bull Case

Warner Bros. Discovery
Bear Case

WBD Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Warner Bros. Discovery Recommendations

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

Warner Bros. Discovery - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

WBD Analyst Ratings Over Time

WBD Analyst Recommendations By Month

WBD Price Targets by Month

Warner Bros. Discovery Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Warner Bros. Discovery Stock? WBD Pros and Cons Explained

Warner Bros. Discovery Bull Case

Warner Bros. Discovery Bear Case

WBD Forecast - Frequently Asked Questions

What is Warner Bros. Discovery's forecast for 2026?

Should I buy or sell Warner Bros. Discovery stock right now?

Does Warner Bros. Discovery's stock price have much downside?

Has Warner Bros. Discovery been upgraded or downgraded by Wall Street analysts recently?

What analysts cover Warner Bros. Discovery?

Do Wall Street analysts like Warner Bros. Discovery more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Warner Bros. Discovery Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Warner Bros. Discovery
Bull Case

Warner Bros. Discovery
Bear Case