Analysts Give Thumbs up to This Newly Formed Media Giant; Compare It to Disney

A thumbs up or "Like" icon at the Facebook main campus in Menlo Park, Calif., on May 15, 2012. Robyn Beck/AFP via Getty Images

In 2021, AT&T Inc. and Discovery Inc. agreed to merge AT&T’s WarnerMedia assets with Discovery Inc.’s platform to create a standalone global entertainment company, now known as Warner Bros. Discovery Inc. Analysts are now comparing the new media firm with The Walt Disney Co.

Evercore ISI analyst Vijay Jayant upgraded WBD to Outperform from In-Line with a price target of $40, down from $45 (61.4 percent upside).