Wolfe Research upgraded Warner Bros. Discovery (NASDAQ:WBD) to "peer perform" from "under perform," seeing a balanced risk/reward opportunity even with the $40B in gross debt for the company. They said that re-bundling and partnership trends at Max would also create a plausible path to stable total company EBITDA.

Warner Bros. Discovery's Max serves fewer ads per hour compared to other streaming platforms.

Investors pushed Warner Bros. Discovery stock to its highest levels in nearly nine months, rallying behind progress on its Max streaming business and the possibility that a Donald Trump administration could grease the wheels for industry consolidation.

Warner Bros. Discovery posted better-than-expected earnings as its Max streaming service set a record for new subscribers, sending shares higher Thursday.

Warner Bros. Discovery made profit progress in its streaming business during the latest quarter, despite pressures related to broadcasting the Olympics in Europe.

Fintel reports that on November 11, 2024, Wolfe Research upgraded their outlook for Warner Bros. Discovery (NasdaqGS:WBD) from Underperform to Peer Perform. Analyst Price Forecast Suggests 14.03% Upside As of October 21,

Investing.com - Wolfe Research has upgraded shares of Warner Bros. Discovery (NASDAQ:WBD) to Peer Perform from Underperform following its Q3 results last week, and assigned a fair value range of $5-$16 based on multiple scenarios driving a range