WBD - Warner Bros. Discovery Poised for Turnaround With Strong IP and Streaming Strategy Analyst Says | Benzinga
Benchmark analyst Matthew Harrigan reiterated a Buy rating on Warner Bros. Discovery, Inc (NASDAQ:WBD) with a price target of $20.
The re-rating follows this weekend's robust $81.5 million Dune: Part Two U.S. opening.
The market is averse to recognizing an ongoing turnaround at the Warner Bros. studio and a fair likelihood that DTC can generate sustainable $1 billion+ in EBITDA post-2025, Harrigan stated.
Assuming creative and strategic execution, Warner Bros. Discovery will benefit enormously from the studio/DTC/network triad with evergreen IP and an unparalleled film and TV library, somewhat moderating the linear rating and advertising decay rates as consumption gravitates toward streaming.
As per the analyst, the Harry Potter and Dune series will also benefit Maxm.
A re-architecture of the TV ecosystem toward hybrid pricing and continued global licensing should buttress the value of the ...