5 Stocks Hedge Funds and Wall Street Analysts Are Crazy About

3. Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Upside Potential: 67.98%
Number of Hedge Fund Holders: 67

Warner Bros. Discovery, Inc. (NASDAQ:WBD) is a communication services play that hedge funds and Wall Street analysts are crazy about owing to its discounted valuation. As a media and entertainment giant, the company produces and releases feature films for exhibition in theatres. It also has and licenses television programs to third parties and networks.

Warner Bros. Discovery, Inc. (NASDAQ:WBD) is one stock trading at a significant discount after a steep pullback from its all-time highs. With its cheap valuation, it is one of the stock hedge funds that Wall Street analysts are crazy about while considering its long-term prospects.

Based on 15 Wall Street analysts offering 12-month price targets for Warner Bros. Discovery, Inc. (NASDAQ:WBD) in the last three months, the average price target is $17.42, with a high forecast of $26.00 and a low forecast of $13.00. The average price target represents a 67.98% change from the last price of $10.37.

At the end of Q2 this year, Warner Bros. Discovery, Inc. (NASDAQ:WBD) had 67 hedge fund investors out of 910 profiled by the Insider Monkey database, up from 63 in the preceding quarter.

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