This article will give you all the details you need to know about Warner Bros Discovery stock price prediction.
What is Warner Bros Discovery (WBD)?
Warner Bros. Discovery, Inc., also known as WBD, is an American multinational entertainment and mass media conglomerate that was formed through the divestment of WarnerMedia by AT&T and its merger with Discovery, Inc. On April 8, 2022.
It is headquartered at 230 Park Avenue South in Midtown Manhattan, New York City, United States.
Who Owns Warner Bros Discovery?
Discovery and AT&T completed a $43bn merger on Friday, creating the mega-media conglomerate Warner Bros Discovery.
The deal’s closure introduces one of the biggest pure entertainment brands to market, which includes two global streamers and many broadcast and cable channels to count.
Is WBD a Good Buy Right Now?
Evercore ISI Vijay Jayant recently gave the WBD stock an outperformed rating and weighed in on WBD stock, calling it an undervalued “inline” rating for Discovery stock. The analyst included a price target of $40 per share for WBD.
Deutsche Bank analyst Bryant Kraft set a price target of $48 on WBD and said that WBD is a Top Pick in the media sector.
Atlantic Securities analyst Hamilton Faber finishes us off with an upgrade for WBD stock that includes a new “overweight” rating and also included a $40 price target for the stock.
Will WBD Stock Pay a Dividend?
The media company doesn’t have plans currently to pay a dividend, but investors can get more than five years’ worth of AT&T dividend payments upfront by selling the shares if they so choose. Or they can put that money back into AT&T stock.
Will Warner Bros Discovery be Publicly Traded?
Newly-formed streaming giant Warner Bros. Discovery (WBD) officially began its trading on the Nasdaq (IXIC) on Monday, April 11, 2022, opening at $24.08 a share on its first day as a publicly-traded entity.
Warner Bros Discovery Website
WarnerBros.com | Home of WB Movies, TV, Games, and more!
Warner Bros Discovery Stock Price Prediction 2023
Warner Bros Discovery stock price prediction for the year 2023, Warner Bros expects its revenue to grow about 4% to $52 billion — with $15 billion coming from its DTC (direct-to-consumer business), and for its adjusted EBITDA to rise 35% to $14 billion.
Warner Bros Discovery Stock Price Prediction 2024
Warner Bros Discovery expects adjusted EBITDA to grow from $12 billion to $14 billion, with debt going from $60 billion to $42 billion and 60% FCF conversion. That means the company will basically focus on repaying debt from 2023 to 2024.
Warner Bros Discovery Stock Price Prediction 2025
In line with the company’s long-term leverage targets, the potential for substantial shareholder returns will start in 2025.
At that point, Werner Bros will be at $15+ billion in adjusted EBITDA and almost $10+ billion of FCF.
For a $60 billion market cap company with $40 billion in debt, that’s sufficient FCF to result in market-beating shareholder returns, especially with its continued growth. That’s an excellent financial solid picture.
Warner Bros. Discovery, Inc., is Also known as WBD, is an American multinational entertainment and mass media conglomerate that was formed through the divestment of WarnerMedia by AT&T and its merger with Discovery
Warner Bros Discovery company is an influential company that will hit the streaming industry seemingly overnight. WBD can utilize its international exposure, strong brand recognition, as well as the quantity, quality, and depth of its content library to compete with the likes of Netflix, Amazon, and Disney.
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