Warner Bros. Discovery, Inc. (WBD)

Warner Bros. Discovery Stock Forecast

Stock Price Forecast

The 17 analysts that cover Warner Bros. Discovery stock have a consensus rating of "Buy" and an average price target of $21.35, which forecasts a -21.54% decrease in the stock price over the next year. The lowest target is $13 and the highest is $32.

Price Target: $21.35 (-21.54%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$13	$21.35	$22	$32
Change	-52.22%	-21.54%	-19.15%	+17.60%

Analyst Ratings

The average analyst rating for Warner Bros. Discovery stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26
Strong Buy	7	5	8	8	8	6
Buy	5	3	3	4	3	2
Hold	12	13	13	11	13	13
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	24	21	24	23	24	21

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
John Hodulik UBS	UBS	Hold Maintains $20 → $30	Hold	Maintains	$20 → $30	+10.25%	Jan 28, 2026
Matthew Harrigan Benchmark	Benchmark	Strong Buy Maintains $30 → $32	Strong Buy	Maintains	$30 → $32	+17.60%	Jan 15, 2026
Michael Morris Guggenheim	Guggenheim	Hold Maintains $25 → $30	Hold	Maintains	$25 → $30	+10.25%	Jan 14, 2026
David Joyce Seaport Global	Seaport Global	Strong Buy → Hold Downgrades n/a	Strong Buy → Hold	Downgrades	n/a	n/a	Dec 9, 2025
Matthew Harrigan Benchmark	Benchmark	Strong Buy Maintains $25 → $30	Strong Buy	Maintains	$25 → $30	+10.25%	Dec 8, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

37.64B

Decreased by -4.28%

from 39.32B

Revenue Next Year

37.39B

Decreased by -0.66%

from 37.64B

EPS This Year

0.37

from -4.62

EPS Next Year

0.02

Decreased by -94.70%

from 0.37

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	10.67B	12.19B	33.82B	41.32B	39.32B	37.64B	37.39B
Revenue Growth	-4.24%	14.24%	177.39%	22.19%	-4.84%	-4.28%	-0.66%
EPS	1.81	1.54	-3.82	-1.28	-4.62	0.37	0.02
EPS Growth	-26.77%	-15.15%	-	-	-	-	-94.70%
Forward PE	-	-	-	-	-	73.51	1,387.97
No. Analysts	-	-	-	-	-	24	24

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029	2030
High	40.7B	42.0B
Avg	37.6B	37.4B
Low	35.7B	34.5B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029	2030
High	3.6%	11.7%
Avg	-4.3%	-0.7%
Low	-9.2%	-8.4%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	0.68	1.07
Avg	0.37	0.02
Low	0.14	-0.61

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	-	189.4%
Avg	-	-94.7%
Low	-	-

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.