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Warner Bros. Discovery, Inc. (WBD) Price Target Analysis

Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 21, 2026

Current Price
$28.90
Market reference
Price Target
$25.59
-11.5% Upside
Target Range
$16.00 — $31.00
Wide divergence
Analyst Rating
Hold
31 analysts
Forward P/E—
Trailing P/E-6.3x
Forward PEG—
Implied Growth-196.1%
Median Target$28.00
Analyst Spread58.6%

WBD trades 11.5% above the consensus target of $25.59. Current price reflects optimism beyond analyst expectations.

Price Forecast (1 Year)

Last 12 months price action with 12-month analyst target path

Current$28.90
Consensus$25.59
High$31.00
Low$16.00
Bear Case
$16
-44.6%
Consensus
$26
-11.5%
Bull Case
$31
+7.3%

Analyst Ratings Distribution

Breakdown of 31 published analyst recommendations for WBD

55% hold / mixed conviction
+23
BearishBullish
Weighted analyst sentiment score based on 31 ratings
ConsensusHold
Coverage31 Analysts
Net Score+23
Bull / Bear45% / 0%
Strong Buy00%
Buy1445%
Hold1755%
Sell00%
Strong Sell00%
Strong Buy
00%
Buy
1445%
Hold
1755%
Sell
00%
Strong Sell
00%
Recommendation Mix45% Buy · 55% Hold · 0% Sell
Buy (14)Hold (17)Sell (0)

WBD Price Target Analysis

Updated February 26, 2026

As of February 26, 2026, Warner Bros. Discovery, Inc. (WBD) has a Wall Street consensus price target of $25.59, based on estimates from 31 covering analysts. With the stock currently trading at $28.90, this represents a potential downside of -11.5%. The company has a market capitalization of $78.26B.

Analyst price targets range from a low of $16.00 to a high of $31.00, representing a 59% spread in expectations. The median target of $28.00 differs from the mean, suggesting potential outlier estimates. The wide target spread reflects significant disagreement on fair value.

The current analyst consensus rating is Hold, with 14 analysts rating the stock as a Buy or Strong Buy,17 rating it Hold, and 0 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.

From a valuation perspective, WBD trades at a trailing P/E of -6.3x. Analysts expect EPS to grow -196.1% over the next year.

Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Communication Services stocks.

Analyst Sentiment Comparison

Industry Peer Analysis
Avg Peer Upside+20.9%
Avg Forward P/E19.3x
Peers with Coverage6 / 8
CompanyMarket CapPriceTargetUpsideRatingFwd P/EAnalysts
WBDWarner Bros. Discovery, Inc.
$78.3B$28.90$25.59-11.5%Hold—31
DISThe Walt Disney Company$188.2B$105.06$139.33+32.6%Buy15.9x63
PSKYParamount Skydance Corporation Class B Common Stock$10.9B$10.16$13.50+32.9%Sell9.1x28
NWSNews Corporation$5.0B$26.26——Buy25.0x33
NWSANews Corporation$4.4B$23.58$32.40+37.4%Buy22.4x28
LIONLionsgate Studios Corp.$2.4B$8.24$10.50+27.4%Buy39.2x7
AMCXAMC Networks Inc.$86M$7.52$8.00+6.4%Hold4.4x40
TOONKartoon Studios Inc.$27M$0.58—————

Upside Potential Comparison

NWSA
+37.4%
PSKY
+32.9%
DIS
+32.6%
LION
+27.4%
AMCX
+6.4%
WBD
-11.5%

See WBD's True Return

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Is WBD Undervalued?

See our Bear / Base / Bull DCF models and intrinsic value estimates.

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Compare WBD vs NFLX

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Frequently Asked Questions

What is the WBD stock price target for 2026?

WBD's consensus price target is $25.59, -11.5% below the current price of $28.9. The 31 analysts tracking WBD see downside risk at present valuations.

Is WBD a buy, sell, or hold?

WBD has a consensus rating of "Hold" based on 31 Wall Street analysts. The rating breakdown is mixed, with 17 Hold ratings making up the largest segment. The consensus 12-month price target of $25.59 implies -11.5% downside from current levels.

Is WBD stock overvalued or undervalued?

WBD's current price is $28.9 with a consensus target of $25.59 (-11.5% implied move). Analyst estimates suggest the stock is overvalued at current levels.

How high can WBD stock go?

The most bullish Wall Street analyst has a price target of $31 for WBD, while the most conservative target is $16. The consensus of $25.59 represents the median expectation. These targets typically reflect 12-month expectations.

How many analysts cover WBD stock?

WBD is heavily covered by Wall Street, with 31 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 14 have Buy ratings, 17 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

What is the WBD stock forecast?

The 12-month WBD stock forecast based on 31 Wall Street analysts shows a consensus price target of $25.59, with estimates ranging from $16 (bear case) to $31 (bull case). The median consensus rating is "Hold".

Should I buy WBD stock?

Analysts are cautious on WBD, with 0 Sell ratings and a price target of $25.59 (-11.5% from current price). The "Hold" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.

Why do WBD price targets vary so much?

WBD analyst price targets range from $16 to $31, a 59% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $25.59 consensus represents the middle ground.

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