Warner Bros. Discovery's Q3 Earnings Preview - Analyst Cites Strong Franchise Value Amid AI Advancements and Industry Challenges
Portfolio Pulse from Anusuya Lahiri
Benchmark analyst Matthew Harrigan reiterated a Buy rating on Warner Bros. Discovery, Inc (NASDAQ:WBD) and lowered the price target from $26 to $24. Harrigan is confident of WBD’s current stock price level, which severely discounts the value of WBD’s global franchises, especially the studio and HBO. The analyst projects Q3 revenue of $9.96 billion versus the consensus of $10.04 billion.
November 07, 2023 | 7:45 pm
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Benchmark analyst Matthew Harrigan has reiterated a Buy rating on Warner Bros. Discovery, Inc (NASDAQ:WBD) and lowered the price target from $26 to $24. The analyst is confident of WBD’s current stock price level and projects Q3 revenue of $9.96 billion.
The news is directly related to Warner Bros. Discovery, Inc. The analyst's confidence in the company's stock price level and the reiteration of a Buy rating could potentially have a positive impact on the company's stock price in the short term. However, the lowering of the price target might have a slightly negative impact. The projected Q3 revenue is slightly below the consensus, which might also influence the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100