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Bernstein Upgrades Discovery, Cuts Price Target By 7%

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  • DISCK
  • Bernstein analyst Todd Juenger upgraded Discovery Inc (NASDAQ: DISCA) to Market Perform from Underperform with a price target of $26, down from $28, implying a 5.7% upside.

  • The analyst continues to see a long list of grave concerns. Still, the market seems also to share those concerns and has driven the stock price down to a level where he can no longer argue that the risk/reward for investors skews significantly negative from here.

  • Juenger believes the market is already pricing the stock to miss its streaming revenue guide, EBITDA guide, or both.

  • Discovery is one of the largest global media providers, with over 2 billion cumulative subscribers in over 220 countries.

  • Price Action: DISCA shares traded higher by 4.52% at $24.50 on the last check Monday.

Latest Ratings for DISCA

Nov 2021

Bernstein

Upgrades

Underperform

Market Perform

Oct 2021

Barclays

Maintains

Equal-Weight

Sep 2021

Arete Research

Initiates Coverage On

Neutral

View More Analyst Ratings for DISCA
View the Latest Analyst Ratings

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