Research Analysts’ Recent Ratings Changes for Warner Bros. Discovery (WBD)

A number of research firms have changed their ratings and price targets for Warner Bros. Discovery (NASDAQ: WBD):

• 11/19/2025 – Warner Bros. Discovery had its “sell (d+)” rating reaffirmed by analysts at Weiss Ratings.
• 11/14/2025 – Warner Bros. Discovery had its “outperform” rating reaffirmed by analysts at Barrington Research. They now have a $25.00 price target on the stock.
• 11/13/2025 – Warner Bros. Discovery had its “sell (d+)” rating reaffirmed by analysts at Weiss Ratings.
• 11/13/2025 – Warner Bros. Discovery had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $23.00 to $26.00. They now have a “buy” rating on the stock.
• 11/7/2025 – Warner Bros. Discovery was downgraded by analysts at Weiss Ratings from a “hold (c-)” rating to a “sell (d+)” rating.
• 11/7/2025 – Warner Bros. Discovery had its price target raised by analysts at The Goldman Sachs Group, Inc. from $13.00 to $14.75. They now have a “buy” rating on the stock.
• 11/7/2025 – Warner Bros. Discovery had its price target raised by analysts at Guggenheim from $22.00 to $25.00. They now have a “buy” rating on the stock.
• 11/7/2025 – Warner Bros. Discovery had its price target raised by analysts at Sanford C. Bernstein from $16.00 to $23.50.
• 11/7/2025 – Warner Bros. Discovery had its price target raised by analysts at TD Cowen from $14.00 to $22.00.
• 11/7/2025 – Warner Bros. Discovery had its price target raised by analysts at Raymond James Financial, Inc. from $22.00 to $25.00. They now have an “outperform” rating on the stock.
• 11/7/2025 – Warner Bros. Discovery had its price target raised by analysts at Wells Fargo & Company from $21.00 to $25.00. They now have an “equal weight” rating on the stock.
• 11/7/2025 – Warner Bros. Discovery had its price target raised by analysts at Moffett Nathanson from $23.00 to $26.00. They now have a “buy” rating on the stock.
• 10/30/2025 – Warner Bros. Discovery was given a new $28.00 price target on by analysts at Redburn Partners.
• 10/30/2025 – Warner Bros. Discovery was upgraded by analysts at Rothschild Redb from a “hold” rating to a “strong-buy” rating.
• 10/30/2025 – Warner Bros. Discovery was upgraded by analysts at Rothschild & Co Redburn from a “neutral” rating to a “buy” rating. They now have a $28.00 price target on the stock.
• 10/28/2025 – Warner Bros. Discovery was given a new $27.00 price target on by analysts at Argus.
• 10/28/2025 – Warner Bros. Discovery was upgraded by analysts at Arete Research to a “strong-buy” rating.
• 10/28/2025 – Warner Bros. Discovery had its price target raised by analysts at Arete from $24.00 to $30.00. They now have a “buy” rating on the stock.
• 10/28/2025 – Warner Bros. Discovery had its price target raised by analysts at Barrington Research from $16.00 to $25.00. They now have an “outperform” rating on the stock.
• 10/28/2025 – Warner Bros. Discovery was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $27.00 price target on the stock.
• 10/22/2025 – Warner Bros. Discovery was upgraded by analysts at Singular Research to a “moderate buy” rating.
• 10/22/2025 – Warner Bros. Discovery had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $19.00 to $23.00. They now have a “buy” rating on the stock.
• 10/22/2025 – Warner Bros. Discovery had its price target raised by analysts at Benchmark Co. from $18.00 to $25.00. They now have a “buy” rating on the stock.
• 10/16/2025 – Warner Bros. Discovery had its price target raised by analysts at Wells Fargo & Company from $14.00 to $21.00. They now have an “equal weight” rating on the stock.
• 10/8/2025 – Warner Bros. Discovery had its price target raised by analysts at Guggenheim from $14.00 to $22.00. They now have a “buy” rating on the stock.
• 10/8/2025 – Warner Bros. Discovery was given a new $20.00 price target on by analysts at Barclays PLC.
• 10/8/2025 – Warner Bros. Discovery was upgraded by analysts at Weiss Ratings from a “sell (d+)” rating to a “hold (c-)” rating.
• 10/6/2025 – Warner Bros. Discovery had its price target raised by analysts at UBS Group AG from $10.00 to $20.00. They now have a “neutral” rating on the stock.
• 10/3/2025 – Warner Bros. Discovery had its price target raised by analysts at Seaport Global Securities from $15.00 to $24.00. They now have a “buy” rating on the stock.
• 10/2/2025 – Warner Bros. Discovery had its price target raised by analysts at Raymond James Financial, Inc. from $13.00 to $22.00. They now have an “outperform” rating on the stock.
• 9/30/2025 – Warner Bros. Discovery had its price target raised by analysts at The Goldman Sachs Group, Inc. from $11.50 to $13.00. They now have a “neutral” rating on the stock.
• 9/30/2025 – Warner Bros. Discovery had its price target raised by analysts at Bank of America Corporation from $16.00 to $24.00. They now have a “buy” rating on the stock.
• 9/27/2025 – Warner Bros. Discovery had its “sell (d+)” rating reaffirmed by analysts at Weiss Ratings.
• 9/26/2025 – Warner Bros. Discovery had its “sector weight” rating reaffirmed by analysts at KeyCorp.

Insider Buying and Selling

In related news, CFO Gunnar Wiedenfels sold 222,210 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $22.50, for a total transaction of $4,999,725.00. Following the completion of the sale, the chief financial officer directly owned 918,940 shares in the company, valued at approximately $20,676,150. The trade was a 19.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Bruce Campbell sold 150,000 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $18.00, for a total value of $2,700,000.00. Following the sale, the insider directly owned 252,464 shares of the company’s stock, valued at $4,544,352. This represents a 37.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,192,325 shares of company stock worth $22,818,215. Insiders own 1.90% of the company’s stock.

Warner Bros. Discovery, Inc operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming.