THR takes stock of six media-entertainment analysts’ recent upgrades and stock picks for the year ahead
The analyst upgraded Discovery in November with a $40 stock price target, citing “strong Discovery+ growth, the upcoming transformational WarnerMedia merger and a cheap valuation.” And he emphasized in a December note: “We believe that over the next year Discovery stock should be a highlight within the media sector given the tailwinds and thesis.”
Nollen also likes Disney, even though he used his December report to cut his price target by $10 to $185. “Our bullish thesis around Disney stock has centered around strong direct-to-consumer subscriber growth and a cyclical recovery at the park and theatrical businesses,” Nollen detailed.
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