- Bernstein analyst Todd Juenger upgraded Discovery Inc 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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