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WBD Stock Forecast: Warner Bros. Discovery, Inc. Price Predictions for 2026-2027

Last close, 21 Sept 2026
$31
+10.79% on the day

The 20 Wall Street analysts covering Warner Bros. Discovery, Inc. hold a median 12-month price target of $31 — +0.6% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 48 of 100 as at 19 Sept 2026 — in the lower half.

Market cap
$69.7B
Ticker Nerd rank
48 / 100
Median analyst target
$31
Analysts covering
20
Revenue$8.7B−11.2% y/y
Operating income$373.0M
Net income$162.0M
Free cash flow$572.0M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
+9.6%
1M
+7.9%
YTD
+6.9%
1Y
+59.3%
From 52W high
0.0%
From 52W low
+80.1%
$17
$31
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

WBD stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores Warner Bros. Discovery, Inc. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 19 Sept 2026
48 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Momentum
93
Accruals
84
Issuance
78
Volatility
60
Revisions
54
Quality
41
Growth
29
Value
19
Size
4

Momentum (93): The shares have been drifting up relative to others.

Value (19): The shares cost a lot relative to the profits and assets behind them.

Size (4): Larger than most of the companies we track — more scrutinised, less often mispriced.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

WBD stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on WBD, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$20$25$30Oct 25Jan 26Apr 26Jul 26WBDHigh $31Median $31Low $26

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says20 analysts
3 Buy16 Hold1 Sell
Low $26Median $31High $31

The green dot is the last close — the median target sits +0.6% from it.

Recent analyst actionsNewest first
DateFirmActionRatingTarget
17 Sept 2026BarclaysReinstatesEqual-Weight$29
27 July 2026Seaport GlobalDowngradeNeutral—
27 July 2026Seaport GlobalDowngradeNeutral—
29 June 2026Seaport GlobalUpgradeBuy$31
29 June 2026Seaport GlobalUpgradeBuy—
7 May 2026GuggenheimReiteratesNeutral—
7 May 2026UBSMaintainsNeutral—
10 Mar 2026Freedom BrokerMaintainsHold—
9 Mar 2026Wells FargoReinstatesEqual-Weight$31
27 Feb 2026BenchmarkDowngradeHold—
27 Feb 2026Raymond JamesDowngradeUnderperform—
27 Feb 2026TD CowenMaintainsHold—
25 Feb 2026BernsteinMaintainsMarket Perform—
28 Jan 2026UBSMaintainsNeutral—
15 Jan 2026BenchmarkMaintainsBuy—
14 Jan 2026GuggenheimMaintainsNeutral—
10 Dec 2025Freedom BrokerMaintainsHold—
9 Dec 2025Seaport GlobalDowngradeNeutral—
8 Dec 2025BenchmarkMaintainsBuy—
5 Dec 2025Barrington ResearchDowngradeMarket Perform—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. WBD appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Performance

WBD vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 21 Sept 2026, Warner Bros. Discovery, Inc. returned +59.3% against +15.7% for the S&P 500, dividends included.

WBD vs S&P 500, last 12 monthsTotal return, rebased to 100
80100120140160Oct 25Jan 26Apr 26Jul 26WBDS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

WBD analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
Analysts raising
10
Analysts cutting
3
Fundamentals

Warner Bros. Discovery, Inc. (WBD) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
93.9×

Cheaper than 8% of US stocks

Price / sales
2.1×

Cheaper than 53% of US stocks

Price / book
2.4×

Cheaper than 43% of US stocks

EV / EBITDA
12.8×

Cheaper than 28% of US stocks

Growth & margins
Revenue growth (YoY)
−11.2%

Higher than 15% of US stocks

Earnings growth (YoY)
−90.6%

Higher than 3% of US stocks

Gross margin
47.0%

Higher than 58% of US stocks

Operating margin
5.1%

Higher than 55% of US stocks

Net margin
−8.8%

Higher than 21% of US stocks

Returns & dividend
Return on equity
−8.8%

Higher than 36% of US stocks

Return on assets
1.7%

Higher than 56% of US stocks

Dividend yield
—

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Warner Bros. Discovery, Inc. (WBD) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • Warner Bros. Discovery, Inc. has a market value of $69.7B and an enterprise value of $99.6B.

  • Revenue in the twelve months to 30 June 2026: $36.1B. The latest quarter shrank 11.2% year on year.

  • Net income over the same four quarters: −$3.1B, a −8.7% net margin.

  • Free cash flow in the twelve months to 30 June 2026: $2.2B.

  • Shares outstanding: 2.5B.

  • Trailing P/E: 93.9×; forward P/E: 440.1× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Warner Bros. Discovery, Inc. employs 35,500 people — $1.0M of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 21 Sept 2026

Data provided by Twelve Data

Peers

WBD vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelEntertainment
CompanyMarket capTKN rank
WBDWarner Bros. Discovery, Inc.$69.7B
48
LYVLive Nation Entertainment, Inc.$38.8B
43
TKOTKO Group Holdings, Inc.$36.7B
48
DISThe Walt Disney Co.$181.9B
49
FOXAFox Corp.$25.6B
81
FWONKLiberty Media Corp.$23.4B
34
ROKURoku, Inc.$22.7B
88

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own Warner Bros. Discovery, Inc. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest WBD news & analysis

How the Ellisons pulled off Paramount-WBD settlement talks and cleared major hurdle to forging media giant

New York Post · 21 Sept 2026positive

The Ellison family navigated settlement talks between Paramount and California Attorney General Rob Bonta, clearing a major hurdle to forging a combined media giant. Bonta agreed to settle with Paramount and allow its purchase of Warner Bros. Discovery with minor concessions, driven largely by political pressure.

Why it matters — A WBD watcher would care because resolving this regulatory obstacle removes a significant barrier to the Paramount-WBD combination moving forward.

Paramount To Keep Headquarters In Los Angeles Post-Merger: “We Aren't Going Anywhere”

Deadline · 21 Sept 2026neutral

Paramount confirmed it will keep its headquarters in Los Angeles after its acquisition of Warner Bros. Discovery, noting "We aren't going anywhere." A settlement of an antitrust lawsuit filed by 12 state attorneys general requires Paramount to maintain both the Paramount lot on Melrose and the Warner Bros. lot in Burbank for the next five years.

Why it matters — The settlement guarantees the merged company will retain both the Paramount and Warner Bros. studio lots in Los Angeles for five years, providing continuity for WBD's Burbank operations and campus commitments through the acquisition.

Critics say California got too little in deal to let Paramount buy Warner Bros

Reuters · 21 Sept 2026negative

Critics criticized a California-brokered settlement that cleared the way for Paramount Skydance's $110 billion acquisition of Warner Bros Discovery, arguing it will hurt Hollywood competition, fails to protect jobs, and lacks meaningful concessions from the media conglomerate.

Why it matters — A WBD watcher would care because the deal's approval and criticism surrounding it could shape regulatory scrutiny and competitive dynamics affecting the company's future.

Warner Bros. Stock Surges After Paramount Reaches Settlement Clearing Merger's Path

Investopedia · 21 Sept 2026positive

Warner Bros. Discovery shares rallied after Paramount Skydance reached a settlement that clears the path for the media giants' proposed mega-merger. The settlement removes a key obstacle to the deal moving forward.

Why it matters — A WBD watcher would care because the resolution of the Paramount dispute could advance a major merger that may reshape the competitive media landscape in which Warner Bros. Discovery operates.

Paramount Settles Lawsuits With States Clearing the Way to Buy WBD

Bloomberg Markets and Finance · 21 Sept 2026positive

Paramount Skydance settled lawsuits with 12 states, clearing the way for its acquisition of Warner Bros. Discovery. The settlement limits Paramount's market power, and the combined studios have committed to releasing 30 movies a year.

Why it matters — A WBD watcher would care because this removes a legal obstacle that stood in the way of the acquisition proceeding.

FAQ

Frequently asked questions about WBD stock

What is the WBD stock price forecast for 2026-2027?

The 20 Wall Street analysts covering Warner Bros. Discovery, Inc. have a median 12-month price target of $31, with estimates ranging from $26 to $31. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is WBD stock a buy right now?

Of the 20 analysts covering Warner Bros. Discovery, Inc., 3 rate it a Buy, 16 a Hold and 1 a Sell. Ticker Nerd's systematic factor model ranks Warner Bros. Discovery, Inc. 48 out of 100 across roughly 4,600 US stocks as at 19 Sept 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank WBD?

As at 19 Sept 2026, Warner Bros. Discovery, Inc. ranks 48 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Momentum (93 of 100).

Will WBD stock go up?

No one can know that. What the data says: the median 12-month target from 20 analysts implies +0.6% from the last close, and Ticker Nerd's factor model ranks Warner Bros. Discovery, Inc. 48 out of 100 as at 19 Sept 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the WBD stock forecast for 2030?

No analyst covering Warner Bros. Discovery, Inc. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for WBD are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $26 to $31 over the next 12 months.

How has WBD stock performed over the past year?

Warner Bros. Discovery, Inc. returned +59.3% over the 12 months to 21 Sept 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Warner Bros. Discovery, Inc. do?

Warner Bros. Discovery, Inc.

What is the latest news on WBD?

The most recent item we track (New York Post, 21 Sept 2026): "How the Ellisons pulled off Paramount-WBD settlement talks and cleared major hurdle to forging media giant". The Ellison family navigated settlement talks between Paramount and California Attorney General Rob Bonta, clearing a major hurdle to forging a combined media giant. Bonta agreed to settle with Paramount and allow its purchase of Warner Bros. Discovery with minor concessions, driven largely by political pressure.

Company

About Warner Bros. Discovery, Inc.

Warner Bros. Discovery, Inc. is a global media and entertainment company that creates, produces, and distributes content across television, film, streaming, and gaming. The company operates a broad portfolio of brands and services, including premium streaming platforms, cable networks, news programming, sports content, and film and television studios. Its business segments span streaming and studios as well as linear networks, supporting a wide range of audiences through entertainment, lifestyle, factual, kids, and sports offerings. Warner Bros. Discovery also extends into consumer products, licensing, publishing, and themed experiences, making it a diversified content provider with a significant role in global media distribution and franchise development. Headquartered in New York City, Warner Bros. Discovery serves households, advertisers, distributors, and commercial partners through its portfolio of well-known entertainment brands.

CEO Mr. David M. Zaslav · 35,500 employees · United States · https://www.wbd.com