Warner Bros. Discovery Stock Forecast

Stock Price Forecast

According to 20 analysts polled by S&P Global, Warner Bros. Discovery stock has a consensus rating of "Hold" and an average price target of $29.65. The average 1-year stock price forecast is 10.39% higher than the current stock price, while the lowest is $26 (-3.20%) and the highest is $31.25 (+16.34%).

Price Target: $29.65 (+10.39%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$26	$29.65	$31	$31.25
Change	-3.20%	+10.39%	+15.41%	+16.34%

Analyst Ratings

The average analyst rating for Warner Bros. Discovery stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	7	1	1	1	1	2
Buy	1	0	0	0	0	0
Hold	12	16	17	17	16	16
Sell	0	1	1	1	1	1
Strong Sell	1	2	2	2	2	1
Total	21	20	21	21	20	20

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Douglas Arthur Huber Research	Huber Research	Buy Upgrades $31	Buy	Upgrades	$31	+15.41%	Jun 1, 2026
Patrick Sholl Barrington	Barrington	Hold Reiterates n/a	Hold	Reiterates	n/a	n/a	May 8, 2026
John Hodulik UBS	UBS	Hold Reiterates $30 → $31	Hold	Reiterates	$30 → $31	+15.41%	May 7, 2026
Sean Diffley Morgan Stanley	Morgan Stanley	Hold Maintains $29	Hold	Maintains	$29	+7.97%	May 7, 2026
Laura Martin Needham	Needham	Hold Reiterates n/a	Hold	Reiterates	n/a	n/a	May 7, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

36.94B

from 37.30B

-0.95%

from 37.30B

Revenue Next Year

38.17B

from 36.94B

3.31%

from 36.94B

EPS This Year

-1.28

from 0.29

EPS Next Year

-0.01

from -1.28

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	12.19B	33.82B	41.32B	39.32B	37.30B	36.94B
Revenue Growth	14.24%	177.39%	22.19%	-4.84%	-5.15%	-0.95%
Gross Profit	7.58B	13.43B	17.01B	16.74B	16.61B	15.70B
Gross Margin	62.14%	39.70%	41.16%	42.58%	44.55%	42.50%
Operating Income	2.07B	-2.25B	-576.00M	510.00M	1.68B	-1.21B
Net Income	1.01B	-7.37B	-3.13B	-11.31B	727.00M	-3.05B
EPS	-	-	-	-	0.29	-1.28
Free Cash Flow	6.99B	22.63B	20.04B	20.46B	16.02B	2.78B
No. Analysts	-	-	-	-	-	19

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2026	2027	2028
High	38.3B
Avg	36.9B
Low	36.2B

Revenue Growth

Revenue Growth	2026	2027	2028
High	2.7%
Avg	-0.9%
Low	-2.8%

EPS Forecast

EPS	2026	2027	2028
High	-0.59
Avg	-1.28
Low	-1.61

EPS Growth

EPS Growth	2026	2027	2028
High	-
Avg	-
Low	-