Warner Bros. Discovery's Long-Term Potential Undervalued: BofA Analyst
Portfolio Pulse from Anusuya Lahiri
BofA analyst Jessica Reif Ehrlich reiterated a Buy rating on Warner Bros. Discovery, Inc (NASDAQ:WBD) with a price target of $21. Ehrlich anticipates WBD's 3Q results to reflect recent trends and expects the company to maintain their recently revised guidance. She remains bullish on the long-term potential of WBD and views the current valuation as compelling. However, WBD shares traded lower by 3.82% at $10.45 on the last check Monday.
October 02, 2023 | 5:59 pm
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BofA analyst Jessica Reif Ehrlich reiterated a Buy rating on Warner Bros. Discovery, Inc (NASDAQ:WBD) with a price target of $21. She remains bullish on the long-term potential of WBD and views the current valuation as compelling.
The analyst's reiterated Buy rating and bullish outlook on WBD's long-term potential, despite recent share price drop, indicates a positive sentiment towards the stock. This could potentially influence investors to buy the stock, driving its price up in the short term.
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