Warner Bros. Discovery, Inc. (NASDAQ:WBD – Get Rating)’s share price gapped up before the market opened on Friday . The stock had previously closed at $14.16, but opened at $14.76. Warner Bros. Discovery shares last traded at $14.60, with a volume of 5,154,191 shares.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Morgan Stanley upped their price target on shares of Warner Bros. Discovery from $14.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Monday, January 30th. Wells Fargo & Company raised shares of Warner Bros. Discovery from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $13.00 to $20.00 in a research report on Friday. Macquarie upped their price target on shares of Warner Bros. Discovery from $16.00 to $20.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 31st. Guggenheim raised shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and set a $16.50 price target for the company in a research report on Wednesday, January 11th. Finally, Rosenblatt Securities upped their price target on shares of Warner Bros. Discovery from $9.00 to $11.00 and gave the stock a “sell” rating in a research report on Friday, February 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Warner Bros. Discovery currently has an average rating of “Moderate Buy” and an average target price of $22.31.
Warner Bros. Discovery Stock Up 1.3 %
The company has a debt-to-equity ratio of 1.01, a current ratio of 0.93 and a quick ratio of 0.93. The firm’s 50-day moving average price is $14.46 and its 200 day moving average price is $12.55. The firm has a market cap of $34.85 billion, a P/E ratio of -5.47, a PEG ratio of 0.94 and a beta of 1.50.
Institutional Investors Weigh In On Warner Bros. Discovery
About Warner Bros. Discovery
Warner Bros. Discovery, Inc operates as a media and entertainment company. It creates and distributes a portfolio of content and brands across television, film, and streaming. Its brands and products include Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, Investigation Discovery, TLC, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros.
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