Fintel reports that on December 8, 2025, Benchmark maintained coverage of Warner Bros. Discovery (NasdaqGS:WBD) with a Buy recommendation.
Analyst Price Forecast Suggests 11.56% Downside
As of December 5, 2025, the average one-year price target for Warner Bros. Discovery is $23.07/share. The forecasts range from a low of $10.10 to a high of $31.50. The average price target represents a decrease of 11.56% from its latest reported closing price of $26.08 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Warner Bros. Discovery is 48,067MM, an increase of 26.95%. The projected annual non-GAAP EPS is 2.08.
What is the Fund Sentiment?
There are 1,875 funds or institutions reporting positions in Warner Bros. Discovery. This is an increase of 1 owner(s) or 0.05% in the last quarter. Average portfolio weight of all funds dedicated to WBD is 0.30%, an increase of 23.08%. Total shares owned by institutions decreased in the last three months by 1.42% to 1,967,314K shares. 
The put/call ratio of WBD is 0.62, indicating a bullish outlook.
What are Other Shareholders Doing?
Harris Associates L P holds 95,961K shares representing 3.87% ownership of the company. In its prior filing, the firm reported owning 108,926K shares , representing a decrease of 13.51%. The firm increased its portfolio allocation in WBD by 48.03% over the last quarter.
XLC - The Communication Services Select Sector SPDR Fund holds 77,212K shares representing 3.12% ownership of the company. In its prior filing, the firm reported owning 69,437K shares , representing an increase of 10.07%. The firm increased its portfolio allocation in WBD by 0.30% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 71,753K shares representing 2.90% ownership of the company. In its prior filing, the firm reported owning 69,754K shares , representing an increase of 2.79%. The firm decreased its portfolio allocation in WBD by 1.98% over the last quarter.
Geode Capital Management holds 65,569K shares representing 2.65% ownership of the company. In its prior filing, the firm reported owning 60,091K shares , representing an increase of 8.35%. The firm decreased its portfolio allocation in WBD by 10.07% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 63,908K shares representing 2.58% ownership of the company. In its prior filing, the firm reported owning 62,042K shares , representing an increase of 2.92%. The firm decreased its portfolio allocation in WBD by 2.26% over the last quarter.
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