Live Earnings Conference Call: Warner Bros. Discovery will host a live Q1 2026 earnings call on May 6, 2026 at 4:30PM ET. Get details.

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

$27.22 +0.26 (+0.98%)

Closing price 05/5/2026 03:59 PM Eastern

Extended Trading

$27.13 -0.09 (-0.35%)

As of 08:53 AM Eastern

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

Consensus Rating

Hold

Based on 24 Analyst Ratings

Sell
3

Hold
13

Buy
8

Based on 24 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 24 analysts, 3 have given a sell rating, 13 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for WBD.

Consensus Price Target

$26.30
-3.38% Downside

According to the 24 analysts' twelve-month price targets for Warner Bros. Discovery, the average price target is $26.30. The highest price target for WBD is $32.00, while the lowest price target for WBD is $14.00. The average price target represents a forecasted downside of -3.38% from the current price of $27.22.

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 5/6/25 to 5/6/26	1 Month Ago 4/6/25 to 4/6/26	3 Months Ago 2/5/25 to 2/5/26	1 Year Ago 5/6/24 to 5/6/25
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	5 Buy rating(s)	11 Buy rating(s)	11 Buy rating(s)
Hold	13 Hold rating(s)	15 Hold rating(s)	12 Hold rating(s)	10 Hold rating(s)
Sell	3 Sell rating(s)	2 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$26.30	$26.30	$24.94	$12.07
Forecasted Upside	-3.38% Downside	-4.04% Downside	-6.81% Downside	43.13% Upside
Consensus Rating	Hold	Hold	Moderate Buy	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	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	2.25	2.10	2.52
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-3.38% Downside	71.79% Upside	14.75% 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
5/1/2026	Zacks Research Not Rated		Downgrade	Hold ➝ Strong Sell
4/24/2026	KeyCorp 2 of 5 stars		Reiterated Rating	Overweight
4/24/2026	Guggenheim 5 of 5 stars		Reiterated Rating	Buy
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%
2/27/2026	Huber Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Strong Sell
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
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	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%
2/23/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Sell (D+) ➝ Hold (C-)
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%
1/28/2026	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	$20.00 ➝ $30.00	+6.88%
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	T. Nollen Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$8.00 ➝ $9.00	-1.96%
8/8/2024	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Outperform	$10.00 ➝ $9.00	+31.39%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 08:56 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 Monday, May 4, 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.:

The stock is currently trading around $27, which is a significant increase from its twelve-month low, indicating potential for growth.
Analysts have recently upgraded their ratings, with several firms issuing "buy" ratings, suggesting positive sentiment and confidence in the company's future performance.
Warner Bros. Discovery, Inc. has a diverse portfolio that includes popular film and television production, which can provide stability and revenue generation across various media platforms.
The company reported a revenue of $9.46 billion in its latest quarter, exceeding analyst expectations, which reflects strong operational performance.
With a market capitalization of $67.13 billion, Warner Bros. Discovery, Inc. is positioned as a major player in the media and entertainment industry, which can attract institutional investors.

Warner Bros. Discovery
Bear Case

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

The company's CEO recently faced scrutiny over a significant compensation package, which could raise governance concerns and impact investor sentiment negatively.
There are ongoing legal and competitive challenges related to a proposed merger, which could create uncertainty and potential regulatory hurdles for the company.
Despite a strong revenue report, the company has shown a decline in revenue compared to the same quarter last year, indicating potential issues with growth sustainability.
Analysts have mixed opinions, with some downgrading their ratings, which may signal caution among investors regarding the stock's future performance.
The high price-to-earnings ratio of 93.35 suggests that the stock may be overvalued, which could deter value-focused investors looking for more attractive entry points.

WBD Forecast - Frequently Asked Questions

: According to the research reports of 24 Wall Street equities research analysts, the average twelve-month stock price forecast for Warner Bros. Discovery is $26.30, with a high forecast of $32.00 and a low forecast of $14.00.
: 24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Warner Bros. Discovery in the last year. There are currently 3 sell ratings, 13 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities 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 -3.38% based on their 12-month stock forecasts.
: Over the previous 90 days, Warner Bros. Discovery's stock had 6 downgrades and 2 upgrades by analysts.
: Warner Bros. Discovery has been rated by research analysts at Arete Research, Argus, Benchmark, Deutsche Bank Aktiengesellschaft, Guggenheim, Huber Research, KeyCorp, Moffett Nathanson, Raymond James Financial, Rothschild & Co Redburn, Sanford C. Bernstein, TD Cowen, Weiss Ratings, Wells Fargo & Company, and Zacks Research in the past 90 days.
: Analysts like Warner Bros. Discovery more than other "consumer discretionary" companies. The consensus rating score for Warner Bros. Discovery is 2.25 while the average consensus rating score for "consumer discretionary" companies is 2.10. Learn more on how WBD compares to other companies.

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This page (NASDAQ:WBD) was last updated on 5/6/2026 by MarketBeat.com Staff.

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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

Best-in-Class Portfolio Monitoring

Stock Ideas and 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

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