Shares of Warner Bros. Discovery (NASDAQ:WBD) are surging today following the praise from two analysts: Brett Feldman and Jessica Reif Cohen. Both have Buy ratings on the stock with price targets of $19 and $21, respectively.
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Feldman sees WBD stock as the best positioned to drive EBITDA growth compared to its competitors. In addition, he notes that important execution catalysts are within the company’s control.
On the other hand, Cohen expects the company to grow in 2023 while also beginning its deleveraging process. This is important since WBD’s debt load is very large. In addition, she believes that the worst of the company’s headwinds already happened in 2022 and things should improve going forward.
Overall, Wall Street analysts have a consensus price target of $18.44 on WBD stock, implying 48.77% upside potential, as indicated by the graphic above.