Warner Bros. Discovery stock climbs on analyst support
Published on 08/13/2026 at 14:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Warner Bros. Discovery stock (US9344231041) closed at $27.65 on August 12, 2026, up $0.58 or 2.14%, while the company posted $8.72 billion in revenue for Q2 2026 and earnings of $0.06 a share.
The move followed a fresh analyst upgrade and reports that Paramount Skydance may consider changes to its merger approach, with CNN sales talk also part of the market narrative.
Analyst support
A MarketBeat report dated August 13, 2026, said Freedom Capital lifted Warner Bros. Discovery from hold to strong buy, adding to a consensus that still sits close to hold. The same report showed an average price target of $27.69, just above the prior close of $27.65.
TradingKey put the stock at $27.64, gave WBD a market cap of $69.31 billion, and listed EPS TTM at -0.69, a reminder that the equity still trades with a mixed earnings profile even after the latest quarter beat on profit.
Quarterly backdrop
On August 6, 2026, Warner Bros. Discovery reported Q2 revenue of $8.72 billion versus $9.25 billion expected, but EPS of $0.06 versus a loss estimate of $0.14. Revenue fell 11.2% from the same quarter a year earlier, when the company earned $0.63 a share.
That combination matters for traders because the quarter showed a profit beat against a softer top line, and it helps explain why the stock can rise even when revenue is still under pressure.
What the business sells
Warner Bros. Discovery spans film and television, streaming, and news, with brands such as HBO, Max, and CNN at the center of its consumer and advertising mix. Investors are still judging how much value the streaming and studio assets can unlock relative to debt and merger headlines.
Shares and valuation
At $27.65, WBD trades near the August 13, 2026 analyst average target of $27.69 and well below the August 13, 2026 high target of $32.00 shown in market coverage. The stock also sits above the August 13, 2026 low target of $14.75, which leaves a wide valuation range in play.
More on Warner Bros. Discovery stock
Company: Warner Bros. Discovery Inc.
ISIN: US9344231041
Ticker: WBD
Exchange: NASDAQ
Sector / Industry: Communication Services / Entertainment
Index membership: Nasdaq-100
Price (as of August 12, 2026, 4:00 p.m. ET): $27.65 USD
Market cap: $69.31 billion
Next earnings date: August 6, 2026
