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

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WBD Analyst Ratings Over Time

Type	Current Forecast 10/14/25 to 10/14/26	1 Month Ago 9/14/25 to 9/14/26	3 Months Ago 7/16/25 to 7/16/26	1 Year Ago 10/14/24 to 10/14/25
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	4 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	7 Buy rating(s)
Hold	13 Hold rating(s)	12 Hold rating(s)	13 Hold rating(s)	15 Hold rating(s)
Sell	3 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$28.61	$27.69	$27.04	$16.61
Forecasted Upside	-7.67% Downside	-1.45% Downside	-0.91% Downside	-7.61% Downside
Consensus Rating	Hold	Hold	Hold	Hold

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	2.23	2.08	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-7.67% Downside	231.96% Upside	19.10% Upside
News Sentiment Rating	Neutral News See Recent WBD News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/29/2026	Argus 3 of 5 stars	Joseph Bonner 1 of 5 stars	Reiterated Rating	Hold ➝ Sell
9/22/2026	Morgan Stanley 3 of 5 stars	Sean Diffley Not Rated	Boost Target	Equal Weight	$29.00 ➝ $31.00	+0.65%
9/17/2026	Barclays 3 of 5 stars	Kannan Venkateshwar 1 of 5 stars	Initiated Coverage	Equal Weight	$29.00	+3.31%
8/25/2026	Zacks Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Strong Sell ➝ Hold
8/18/2026	Weiss Ratings Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Sell (D-) ➝ Sell (D+)
8/10/2026	Freedom Capital Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold ➝ Strong-Buy
6/1/2026	Huber Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Underweight ➝ Overweight
5/7/2026	UBS Group Subscribe to MarketBeat All Access to unlock brokerage rankings	John Hodulik Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Neutral	$30.00 ➝ $31.00	+14.20%
5/7/2026	Guggenheim Subscribe to MarketBeat All Access to unlock brokerage rankings	Michael Morris Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Neutral
4/24/2026	KeyCorp Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Overweight
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.
3/9/2026	Wells Fargo & Company Subscribe to MarketBeat All Access to unlock brokerage rankings	Steven Cahall Subscribe to MarketBeat All Access to unlock analyst rankings	Initiated Coverage	Equal Weight	$31.00	+11.11%
3/8/2026	Moffett Nathanson Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold ➝ Strong-Buy
2/27/2026	TD Cowen Subscribe to MarketBeat All Access to unlock brokerage rankings	Doug Creutz Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Hold	$22.00 ➝ $26.00	-8.39%
2/27/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Buy ➝ Hold	$29.50 ➝ $31.00	+9.23%
2/27/2026	Benchmark Subscribe to MarketBeat All Access to unlock brokerage rankings	Matthew Harrigan Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Buy ➝ Hold
2/27/2026	Arete Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Buy ➝ Neutral	$31.25	+8.51%
2/27/2026	Raymond James Financial Subscribe to MarketBeat All Access to unlock brokerage rankings	Ric Prentiss Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Outperform ➝ Underperform
2/24/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access to unlock brokerage rankings	Laurent Yoon Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Market Perform	$23.50 ➝ $27.75	-4.05%
2/17/2026	Rothschild & Co Redburn Subscribe to MarketBeat All Access to unlock brokerage rankings	Hamilton Faber Subscribe to MarketBeat All Access to unlock analyst rankings	Set Target	Buy ➝ Neutral	$31.00	+10.75%
12/5/2025	Barrington Research Subscribe to MarketBeat All Access to unlock brokerage rankings	Patrick Sholl Subscribe to MarketBeat All Access to unlock analyst rankings	Downgrade	Outperform ➝ Hold
11/7/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Michael Ng Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$13.00 ➝ $14.75	-36.34%
10/22/2025	Singular Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Moderate Buy
9/30/2025	Bank of America Subscribe to MarketBeat All Access to unlock brokerage rankings	Jessica Reif Ehrlich Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$16.00 ➝ $24.00	+27.25%
9/12/2025	Needham & Company LLC Subscribe to MarketBeat All Access to unlock brokerage rankings	Laura Martin Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Hold
5/29/2025	Citigroup Subscribe to MarketBeat All Access to unlock brokerage rankings	Jason Bazinet Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$15.00 ➝ $14.00	+41.63%
3/7/2025	Rosenblatt Securities Subscribe to MarketBeat All Access to unlock brokerage rankings	Barton Crockett Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Neutral	$13.00 ➝ $13.00	+21.50%
1/14/2025	JPMorgan Chase & Co. Subscribe to MarketBeat All Access to unlock brokerage rankings	David Karnovsky Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Neutral	$9.00 ➝ $10.00	+1.52%
11/11/2024	Wolfe Research Subscribe to MarketBeat All Access to unlock brokerage rankings	Peter Supino Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Underperform ➝ Peer Perform
11/8/2024	Macquarie Infrastructure Subscribe to MarketBeat All Access to unlock brokerage rankings	Tim Nollen Subscribe to MarketBeat All Access to unlock analyst rankings	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 Wednesday at 09:55 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 Tuesday, October 6, 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 reached a 52-week high of $30.99 on October 6, 2026, reflecting a significant upward momentum as the stock price stands at $30.99, which is well above the 52-week low of $17.08 and indicates strong market confidence in the company's recent developments.
The completion of the $110 billion merger with Paramount Skydance on October 6, 2026, creates a new global entertainment leader that combines major film, television, and streaming assets, potentially offering scale advantages and cost synergies that could enhance long-term value for shareholders.
Institutional investors are showing renewed interest, with Samson Rock Capital LLP establishing a new $24.76 million position in the third quarter and other major holders like State Street Corp and HBK Investments L P increasing their stakes, suggesting that professional investors see value in the company's current trajectory.
Warner Bros. Discovery, Inc. reported an earnings surprise in the most recent quarter, posting an EPS of $0.06 which beat the consensus estimate of -$0.14, demonstrating an ability to outperform analyst expectations despite broader revenue challenges.
The company's portfolio includes high-value brands such as HBO, Max, and Warner Bros. Studios, which provide a diversified content library that can drive revenue through multiple channels including streaming, linear networks, and licensing, offering a robust foundation for future growth.

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 -24.40, indicating that the company is currently unprofitable on a trailing basis, which can be a concern for investors seeking stable earnings growth and dividend income, as the dividend yield is 0.00%.
Revenue for the most recent quarter was $8.72 billion, which missed the analyst consensus of $9.25 billion and represented an 11.2% year-over-year decline, suggesting that the company is facing significant headwinds in its core business operations.
Insider selling has been substantial, with CEO David Zaslav and other executives selling millions of shares in the past few months, such as Zaslav selling 773,173 shares in August 2026, which may signal a lack of confidence in the stock's near-term performance from those closest to the company.
The company carries a high debt-to-equity ratio of 0.90 and a quick ratio of 0.78, indicating potential financial leverage risks that could limit its flexibility in a challenging economic environment or during periods of lower cash flow.
Analyst consensus remains cautious, with a current average rating of "Hold" and a price target of $28.61, which is below the current stock price of $30.99, suggesting that many analysts believe the stock may be overvalued relative to its fundamental performance.

WBD Forecast - Frequently Asked Questions

According to the research reports of 22 Wall Street equities research analysts, the average twelve-month stock price forecast for Warner Bros. Discovery is $28.61, with a high forecast of $32.00 and a low forecast of $14.75.

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Warner Bros. Discovery in the last twelve months. There are currently 3 sell ratings, 13 hold ratings, 4 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street research 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 -7.67% 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 Argus, Barclays, Freedom Capital, Morgan Stanley, 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 2.23 while the average consensus rating score for "communication services" companies is 2.07. 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 9/29/2026.

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