Warner Bros. Discovery, Inc. (NASDAQ:WBD) Receives $24.94 Consensus Target Price from Brokerages

22 Feb 2026, 11:10 by Sarita Garza · The Markets Daily

Warner Bros. Discovery, Inc. (NASDAQ:WBD – Get Free Report) has been given a consensus recommendation of “Hold” by the twenty-four research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $25.0875.

Several research firms have recently commented on WBD. Sanford C. Bernstein upped their price objective on shares of Warner Bros. Discovery from $16.00 to $23.50 in a report on Friday, November 7th. Raymond James Financial boosted their target price on shares of Warner Bros. Discovery from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. UBS Group upped their price target on shares of Warner Bros. Discovery from $20.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Argus lifted their price objective on Warner Bros. Discovery from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, January 27th. Finally, Barrington Research cut Warner Bros. Discovery from an “outperform” rating to a “hold” rating in a report on Friday, December 5th.

Read Our Latest Research Report on Warner Bros. Discovery

Warner Bros. Discovery Price Performance

Shares of NASDAQ:WBD opened at $28.75 on Friday. Warner Bros. Discovery has a twelve month low of $7.52 and a twelve month high of $30.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.90. The company has a market cap of $71.24 billion, a PE ratio of 151.32 and a beta of 1.64. The company’s 50 day moving average is $28.33 and its 200 day moving average is $22.13.

Insider Activity at Warner Bros. Discovery

In other Warner Bros. Discovery news, CAO Lori C. Locke sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $27.62, for a total value of $138,100.00. Following the completion of the transaction, the chief accounting officer directly owned 110,084 shares of the company’s stock, valued at approximately $3,040,520.08. The trade was a 4.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Gunnar Wiedenfels sold 242,994 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $29.50, for a total transaction of $7,168,323.00. Following the sale, the chief financial officer directly owned 918,940 shares in the company, valued at $27,108,730. The trade was a 20.91% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 267,116 shares of company stock valued at $7,781,731. 1.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. TriaGen Wealth Management LLC purchased a new position in Warner Bros. Discovery during the third quarter valued at $443,000. Penserra Capital Management LLC raised its position in shares of Warner Bros. Discovery by 29,882.6% during the 2nd quarter. Penserra Capital Management LLC now owns 62,064 shares of the company’s stock worth $710,000 after purchasing an additional 61,857 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Warner Bros. Discovery by 7.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 19,463,234 shares of the company’s stock valued at $223,049,000 after buying an additional 1,333,005 shares in the last quarter. Swedbank AB boosted its holdings in Warner Bros. Discovery by 3.7% in the 3rd quarter. Swedbank AB now owns 1,065,445 shares of the company’s stock worth $20,808,000 after buying an additional 37,986 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Warner Bros. Discovery by 1.0% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,572,301 shares of the company’s stock worth $18,019,000 after buying an additional 16,006 shares in the last quarter. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Trending Headlines about Warner Bros. Discovery

Here are the key news stories impacting Warner Bros. Discovery this week:

Positive Sentiment: Competing bidders appear willing to overpay for WBD, which lifts the chance of a takeover premium for shareholders and is supporting the stock. Want to Win the Warner Bros. Discovery Takeover Battle? ‘Walk Away Now.’
Positive Sentiment: Paramount says the U.S. antitrust waiting period on its all-cash bid has expired — a procedural milestone that moves the deal process forward and increases the plausibility of a transaction. Paramount says US antitrust waiting period on Warner Bros bid has expired
Positive Sentiment: Reports that Netflix can boost its offer if needed suggest more upside is possible for shareholders if the bidding escalates. Netflix has ample room to increase its offer
Neutral Sentiment: Netflix is publicly arguing it has a cleaner regulatory path and has deployed senior legal/antitrust personnel to make that case — can reduce concern but not decisive. Netflix doesn’t need the Warner Bros. deal, but its rivals might
Neutral Sentiment: WBD rejected Paramount’s latest bid but gave Paramout/Skydance a week to submit a “best and final” offer — keeps the auction open and creates short-term uncertainty about the final price. Warner Bros Rejects Paramount’s Latest Bid But Gives David Ellison’s Firm A Week To Submit ‘Best And Final’ Offer
Neutral Sentiment: WBD will report Q4 and full-year 2025 results on Feb. 26 — an upcoming catalyst that could swing sentiment separate from takeover headlines. Warner Bros. Discovery to Report Fourth Quarter and Full Year 2025 Results
Negative Sentiment: The U.S. DOJ is probing how a sale could affect movie theaters and has engaged major chains — this regulatory scrutiny could complicate or delay a deal. US DOJ probes Warner Bros’ planned sale impact on theaters
Negative Sentiment: High-profile opposition (e.g., James Cameron letter) and ongoing antitrust scrutiny create political and reputational headwinds that could slow approvals or increase conditions. James Cameron sends scathing letter over Netflix-WBD deal
Negative Sentiment: An outside firm cut WBD to Hold, which could temper investor enthusiasm if more downgrades follow. Warner Bros. Discovery Cut to Hold at Rothschild & Co Redburn

Warner Bros. Discovery Company Profile

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Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.