Wolfe Research analyst Peter Supino upgrades $Warner Bros Discovery (WBD.US)$ to a hold rating.
According to TipRanks data, the analyst has a success rate of 62.7% and a total average return of 12.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Warner Bros Discovery (WBD.US)$'s main analysts recently are as follows:
The firm notes an acceleration in streaming profitability and a more favorable growth projection for studio operations in the coming year. Along with a higher likelihood of acquisitions, these factors might help balance out the widely acknowledged risks associated with potential distribution losses.
The firm has updated its valuation horizon to 2025 and acknowledges making minimal adjustments to their financial model. Warner Bros. Discovery has disclosed a 3.6% decline in revenue for the third quarter, alongside reporting its initial positive GAAP operating and net income since the merger in early 2022.
Note:
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