2024-07-05 12:10:01 ET
Summary
- Warner Bros. Discovery shares have dropped from $10 in February to $7 currently, making it slightly more attractive as a takeover candidate and investment with long-term compounding potential.
- A bundling deal with global entertainment streamer #2 Disney, and the potential to partner with Paramount's assets, could transform the industry and knock Netflix from its #1 position.
- I am raising my outlook to hold as the price approaches my $5 target, with the potential for a large turnaround on lower interest rates.
Warner Bros. Discovery, Inc. ( WBD ) is a stock I have suggested readers avoid until far lower quotes appear. My last article in February here explained a rating downgrade to Sell on slowing economic signals and weaker technical trading momentum, with WBD priced around $10 per share.
Seeking Alpha - Paul Franke, Warner Bros. Discovery Article, February 19th, 2024
Read the full article on Seeking Alpha
For further details see:
Warner Bros. Discovery: Approaching My Buy Price Target (Rating Upgrade)