Warner Bros. Discovery Reviving Growth Through Streaming and International Content, IP and Sports Partnerships Key to Long-term Value: Analyst
Portfolio Pulse from Anusuya Lahiri
Benchmark analyst Matthew Harrigan reiterated a Buy rating on Warner Bros. Discovery, Inc (NASDAQ:WBD) with a price target of $26. The analyst is optimistic about the company's resilience and IP appeal, despite ongoing news flow choppiness. The company's strategy has been to maximize the tail values for the linear networks and global licensing while adapting to consumer preferences for streaming. The analyst also highlighted the importance of sports and lifestyle channels in containing linear viewing erosion. Warner Bros. Discovery is expected to report revenues of $10.29 billion and an adjusted EBITDA of $1.95 billion on August 3.
August 04, 2023 | 11:59 am
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Warner Bros. Discovery has received a Buy rating from Benchmark analyst Matthew Harrigan, with a price target of $26. The company's resilience and IP appeal are highlighted, along with its strategy to adapt to streaming preferences.
The Buy rating from a Benchmark analyst indicates a positive outlook for Warner Bros. Discovery. The analyst's optimism about the company's resilience and IP appeal, as well as its strategy to adapt to consumer preferences for streaming, could potentially boost investor confidence and have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100