Seaport Global Upgrades Warner Bros. Discovery to Buy
Seaport Global has upgraded Warner Bros. Discovery to a Buy with a $31 price target, a 16.28% upside from the current price.
Key Points
- Seaport Global upgraded Warner Bros. Discovery, Inc. (NasdaqGS: WBD) to a Buy rating with a $31 price target on June 29, 2026.
- Seaport Global's $31 price target implies 16.28% upside from Warner Bros. Discovery, Inc.'s ($WBD) current $26.66 share price.
- Shares of Warner Bros. Discovery traded near $26.74 on Monday with a market cap of approximately $67 billion.
- Insider activity includes CEO David Zaslav selling 202,881 shares on June 12, 2026, and multiple directors buying shares on June 9, 2026.
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Seaport Global has upgraded Warner Bros. Discovery, Inc. (NasdaqGS: WBD) to a Buy rating with a price target of $31. This upgrade came on June 29, 2026, as analyst David Joyce expressed confidence in the company's prospects.
Seaport Global vs. the S&P 500
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Warner Bros. Discovery, Inc. Stock Down 7.3%
Shares of Warner Bros. Discovery traded near $26.74 on Monday. The company has a market cap of about $67 billion. Despite its large size, Warner Bros. Discovery is not currently profitable, reflected in its lack of a meaningful P/E ratio. The stock has a 52-week low of $10.76 and a high of $30.00, with a 50-day moving average of $26.99 and a 200-day moving average of $25.53. The company's beta is 1.55, indicating higher volatility compared to the market.
$WBD price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Warner Bros. Discovery reported revenue of approximately $37.21 billion with a slight decline of 1% in growth. The company is currently operating at a net margin of -4.67% and a return on equity of -4.96%. Its next earnings report is scheduled for August 6, 2026.
Insider Buying and Selling at Warner Bros. Discovery, Inc.
Insider activity at Warner Bros. Discovery has been notable. On June 12, 2026, CEO David Zaslav sold 202,881 shares at an average price of $26.98. Meanwhile, on June 9, 2026, several directors, including Samuel Di Piazza Jr., Fazal Merchant, Anton Levy, Joseph Levin, and Kenneth Lowe, each purchased 9,067 shares.
Analysts Set New Price Targets
On June 29, 2026, Seaport Global upgraded Warner Bros. Discovery to a Buy rating with a $31 price target. UBS maintained its Hold rating with a $31 target back on May 7, 2026. The consensus among analysts is to hold, with an average target price of $29.82 based on 11 opinions.
About Warner Bros. Discovery
Warner Bros. Discovery, Inc. is a global media and entertainment company headquartered in New York, NY. Led by CEO David M. Zaslav, the company operates through several segments, including Streaming, Studios, and Global Linear Networks. It offers a wide range of content and services, such as HBO Max, discovery+, and various television networks and film studios. With approximately 35,500 employees, the company continues to be a major player in the entertainment industry.
Bottom Line
Seaport Global's upgrade of Warner Bros. Discovery to a Buy rating reflects growing confidence in the company's future. With its diverse portfolio and significant market presence, Warner Bros. Discovery remains a key player in the media and entertainment sector. Investors keep a close eye on such analyst updates and insider activities as they assess the company's potential.
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