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Sunday, April 21, 2024
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Warner Bros. Discovery's Q3 Earnings Preview - Analyst Cites Strong Franchise Value Amid AI Advancements and Industry Challenges

Benchmark analyst Matthew Harrigan 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, which severely discounts the evergreen value of WBD’s global franchises, especially the studio and HBO. 

Also Read: Disney And Warner Bros’ NBA Setback Vs Apple And Amazon’s Courtside Victory

Harrigan has been very cautious in recognizing the likelihood of a historically prolonged stoppage, especially with rapid AI advances, even since the start ...

Full story available on Benzinga.com


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