Warner Bros. Discovery (WBD) – Investment Analysts’ Recent Ratings Updates

Posted by Scott Moore on Mar 17th, 2026

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

3/9/2026 – Warner Bros. Discovery is now covered by Wells Fargo & Company. They set an “equal weight” rating and a $31.00 price target on the stock.
3/8/2026 – Warner Bros. Discovery was upgraded by Moffett Nathanson from “hold” to “strong-buy”.
3/6/2026 – Warner Bros. Discovery was downgraded by Moffett Nathanson from “buy” to “hold”. They now have a $31.00 price target on the stock.
3/3/2026 – Warner Bros. Discovery had its price target lowered by Argus from $32.00 to $31.00. They now have a “buy” rating on the stock.
2/27/2026 – Warner Bros. Discovery was downgraded by Huber Research from “strong-buy” to “strong sell”.
2/27/2026 – Warner Bros. Discovery had its price target raised by TD Cowen from $22.00 to $26.00. They now have a “hold” rating on the stock.
2/27/2026 – Warner Bros. Discovery was downgraded by Deutsche Bank Aktiengesellschaft from “buy” to “hold”. They now have a $31.00 price target on the stock, up from $29.50.
2/27/2026 – Warner Bros. Discovery had its “hold” rating reaffirmed by Benchmark Co..
2/27/2026 – Warner Bros. Discovery had its “neutral” rating reaffirmed by Arete Research. They now have a $31.25 price target on the stock.
2/27/2026 – Warner Bros. Discovery had its “underperform” rating reaffirmed by Raymond James Financial, Inc..
2/24/2026 – Warner Bros. Discovery had its price target raised by Sanford C. Bernstein from $23.50 to $27.75. They now have a “market perform” rating on the stock.
2/23/2026 – Warner Bros. Discovery was upgraded by Weiss Ratings from “sell (d+)” to “hold (c-)”.
2/17/2026 – Warner Bros. Discovery was given a new $31.00 price target by Rothschild & Co Redburn. They now have a “neutral” rating on the stock.
2/17/2026 – Warner Bros. Discovery was downgraded by Rothschild & Co Redburn from “buy” to “neutral”. They now have a $31.00 price target on the stock.
2/5/2026 – Warner Bros. Discovery was downgraded by Weiss Ratings from “hold (c-)” to “sell (d+)”.
1/30/2026 – Warner Bros. Discovery had its price target raised by Moffett Nathanson from $26.00 to $31.00. They now have a “buy” rating on the stock.
1/28/2026 – Warner Bros. Discovery had its price target raised by UBS Group AG from $20.00 to $30.00. They now have a “neutral” rating on the stock.
1/27/2026 – Warner Bros. Discovery had its price target raised by Argus from $28.00 to $32.00. They now have a “buy” rating on the stock.
1/20/2026 – Warner Bros. Discovery was upgraded by Weiss Ratings from “sell (d+)” to “hold (c-)”.

Insider Buying and Selling

In other news, CFO Gunnar Wiedenfels sold 617,580 shares of Warner Bros. Discovery stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $28.25, for a total transaction of $17,446,635.00. Following the completion of the transaction, the chief financial officer directly owned 691,570 shares in the company, valued at $19,536,852.50. This trade represents a 47.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Zaslav sold 4,004,149 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $28.26, for a total transaction of $113,157,250.74. Following the sale, the chief executive officer directly owned 7,200,627 shares of the company’s stock, valued at approximately $203,489,719.02. The trade was a 35.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,206,827 shares of company stock worth $230,674,025 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.