Warner Bros Discovery Inc. (NASDAQ:WBD) reached a notable milestone with its stock hitting a 52-week high of $12.70. The media powerhouse, boasting a market capitalization of $31.27 billion and annual revenue totaling $38.34 billion, has experienced strong momentum, with shares rising 51.2% over the past year. This surge reflects growing investor confidence in Warner Bros Discovery’s strategic direction and solid market positioning, highlighted by a 32.14% gain over the last six months and an EBITDA of $7.59 billion. The stock’s peak underscores the company’s expanding influence in the media and entertainment sector, as it continues to capitalize on its extensive content library and production strengths.
In recent developments, Benchmark reaffirmed its Buy rating and set a price target of $18.00 following the successful launch of a new Superman film, which earned $122 million domestically and $217 million worldwide during its opening weekend. UBS raised its price target to $10.00 from $9.00, maintaining a Neutral rating while projecting second-quarter revenue of $9.86 billion and EBITDA of $1.91 billion. Bernstein reiterated a Market Perform rating with an $11.00 target, noting progress toward the company’s planned division into Streaming & Studios and Global Networks segments.
Warner Bros Discovery also disclosed terms for its debt tender offers, with strong investor participation leading to proration across several note series. Benchmark included the company on its Best Ideas List, citing the potential of upcoming projects and HBO Max’s strong performance in the streaming arena. The company’s strategic initiatives, including the bond tender and upcoming split, have drawn investor focus on its future cash flow and profitability outlook. These moves signal ongoing transformation at Warner Bros Discovery as it adapts to a shifting media landscape.
Warner Brothers Discovery stock price
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